Home > Term: credit card
credit card
An internationally accepted form of payment, permitting the cashless purchase of goods and services upon production and signature. Bills are issued monthly. Credit cards can be used at companies (shops, hotels, restaurants, transport companies, etc.) which have joined the appropriate credit card associations. Cash can also be withdrawn from ATMs using a PIN. Credit card companies include MasterCard, VISA, Diners Club and American Express.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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