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Definition: Debit card

ECB terminology

A card enabling the holder to have his/her purchases directly charged to funds on his/her account at a deposit-taking institution. (This may sometimes be combined with another function, e.g. that of a cash card or cheque guarantee card.)
Source:
European Central Bank on-line glossary (2009)
Created:
2009-04-23
Updated:
2019-05-10

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