Charge Card definition

Charge Card means any card, plate, coupon book, or other

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Charge Card means any card, plate or other credit device under which the issuer of the charge card extends credit to the card holder that is not subject to a finance charge and the card holder does not have automatic access to credit repayable in installments.

Charge Card means a payment card in which at the moment a payment transaction is initiated, coverage in the payment account is not ensured, payment transactions most often being executed up to an approved credit line (limit) . The user settles the expenses incurred by using a card with a charge function within a specified time interval in full at the end of a specified period, most frequently by a credit transfer .

Examples of Charge Card in a sentence

• Under normal conditions, Management will plan trip assignments so that an employee who does not have a Government Travel Charge Card has sufficient time to request and receive a travel advance to use on the assigned trip.

• Any request to establish sub-limits and/or for a temporary increase in sub- limits for individual Card Account shall be in accordance with the Banking (Credit Card and Charge Card) Regulations 2013 and is subject to the Bank’s approval and the Bank shall not be obligated to approve such request.

• You must notify us of any such circumstances so that we may cancel the Business Charge Card.

• Cardholder Account: an account opened and maintained by us for each Business Charge Card issued by us and to which the Card Transactions are debited.

• A Business Charge Card, Business Charge Card number, PIN or Security Code must not be used outside the period shown on the Business Charge Card or if we have cancelled or suspended the Business Charge Card.

More Definitions of Charge Card

Charge Card means a Card used to charge payments to the charging facility provided to the Cardholder by the Card Issuer.

Charge Card means a credit card on an account for which no

Charge Card means any currently Valid Card which is designated by its issuer as a charge card bearing the symbols, logos and marks of the relevant Card Companies.

Charge Card means a payment card which involves a line of credit granted by the issuer to the cardholder where the credit utilized by the cardholder must be settled fully on or before a date specified by the issuer, without any extended credit;

Charge Card means a Charge Card issued under any one of the American Express, Diners Club or JCB charge card schemes. Credit card means a Visa or Mastercard Card. Contactless Transaction means a Transaction processed using a Card by waving or placing the Card over or near the Electronic Terminal contactless reader without inserting the Card into the Electronic Terminal. Cost of Acceptance Calculator is the method used to measure reasonable cost of acceptance for card surcharging practices. Credit Transaction means a Transaction that is processed as a credit transaction such as where the Cardholder selects credit (‘CR’). Customer means a person/s who purchases goods or services from you. Data Breach means any event whereby you or any of your Service Providers suspects or has knowledge of unauthorised access to confidential Card payment details. Debit Transaction means a Transaction that is processed as a debit transaction such as where the Cardholder selects savings (‘SAV’) or cheque (‘CHQ’). Disputed Transaction When a cardholder (or their Bank) queries a transaction which has been processed to their card number.

Charge Card means a Card issued under any one of the following Card Schemes: American Express, Diners Club, Discover or JCB.

Charge Card means a card issued by a Charge Card Company. Charge Card Company means American Express Company, Diners Club International Ltd, JCB International Co. Ltd, Discover Ltd and any other such charge card companies agreed by the parties. Chip means a card that uses an encrypted digital signature with a non reusable transaction code unique to each purchase issued under the EuroPay, MasterCard, or Visa (EMV) standard.