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Social Science
Economics
Finance
Banking
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Debit Card
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A bank card that automatically deducts the amount of a purchase from the checking account of the card holder
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Banking Terms
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Terms in this set (23)
Debit Card
A bank card that automatically deducts the amount of a purchase from the checking account of the card holder
Credit
Amount of money a creditor is willing to loan another to purchase goods and services, based on trust and the expectation that the money will be repaid as promised with interest.
Bank
A financial institution that accepts deposits and channels the money into lending activities
Endorsement
Signature on the back of a check
ATM
An electronic machine that bank customers and credit union members can use to withdraw cash and make financial transactions.