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credit card

(Encyclopedia)credit card, device used to obtain consumer credit at the time of purchasing an article or service. Credit cards may be issued by a business, such as a department store or an oil company, to make it e...

debit card

(Encyclopedia)debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for with...

credit

(Encyclopedia)credit, granting of goods, services, or money in return for a promise of future payment. Most credit is accompanied by an interest charge, which usually makes the future payment greater than an immedi...

smart card

(Encyclopedia)smart card, small device that resembles a credit card but contains an embedded microprocessor to store and process information. Magnetic-stripe cards, which store a very small amount of information (m...

credit union

(Encyclopedia)credit union, cooperative, not-for-profit financial institution that makes low-interest personal loans to its members. It is usually composed of persons from the same occupational group or the same lo...

Social Credit

(Encyclopedia)Social Credit, economic plan in Canada, based on the theories of Clifford Hugh Douglas. The central idea is that the problems fundamental to economic depression are those of unequal distribution owing...

installment buying and selling

(Encyclopedia)installment buying and selling, buying and selling of goods on credit, with the stipulation that payments shall be made at specified intervals in set amounts. The goods may be used by the buyer before...

faro, card game

(Encyclopedia)faro fârˈō [key] [for Pharaoh, from an old French card design], gambling game played with a pack of 52 cards. First played in France and England, faro was especially popular in U.S. gambling houses...