Credit Card - Law Dictionary Search Results
Credit card
Matched in: Term Credit card
Debit card
Matched in: Term Debit card
Drawal
of foreign exchange from an authorised person and includes opening of Letter of Credit or use of International Credit Card or International Debit Card or ATM Card or any other thing by whatever name called which has the
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Credit information
Matched in: Term Credit information
Client account
Includes (i) a guarantor or a person who proposes to give guarantee or security for borrower of a credit institution; or (ii) a person (a) who has obtained or seeks to obtain financial assistance from a credit … loans, advances, hire purchase, leasing facility, letter of credit, guarantee facility, venture capital assistance by way of credit cards or in any other form or manner; (b) who has raised or seeks to raise money by issue
fico score
abbreviation for Fair Isaac Corporation and refers to a person's credit score based on credit history. Lenders and credit card companies use the number to decide if the person is likely to pay his or her bills. A
Currency
TENDER. It includes all currency notes, postal notes, postal orders, money orders, cheques, drafts, travellers cheques, letters of credit, bills of exchange and promissory notes, credit cards or such other similar instruments, as may be notified by … postal orders, money orders, cheques, drafts, travellers cheques, letters of credit, bills of exchange and promissory notes, credit cards or such other similar instruments, as may be notified by the Reserve Bank. [Foreign Exchange Management Act, 1999
interest
interest rate and esp. the highest rate allowed [proposals to increase the legal interest on department store credit cards to 15% "American Banker"] ;also : interest computed at such a rate [awarded the defendant legal interest] compare … personal property or fixtures created by a security agreement that secures payment or performance of an obligation [the creditor had a security interest in the inventory and accounts receivable of the business] called also Article Nine security
posting
or debiting of an account (as in payment of a draft) [charged interest from the date of the credit card transaction]
Cyber cash
operates on a different footing from fires virtual. It simply ensures encrypted passage over the internet for the credit card data. It requires a special program (Cyber cash) wallet software programme. The programme handles passing payment information, encrypted
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