CASH CARD Meaning and
Definition
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A cash card is a payment card, typically issued by a bank or financial institution, that allows the cardholder to withdraw cash from automated teller machines (ATMs) and make purchases at point-of-sale (POS) terminals. It is a convenient and widely accepted form of payment that provides access to funds in the cardholder's bank account.
Cash cards are linked to the cardholder's bank account, and the amount of funds available is determined by the balance in that account. When using the cash card at an ATM, the cardholder can enter their personal identification number (PIN) to withdraw cash or check their account balance. At POS terminals, the card is swiped or inserted, and the transaction is authorized by the cardholder entering their PIN or providing a signature.
Cash cards can have additional features, such as the ability to make contactless payments, allowing for a quick and convenient transaction by simply tapping the card on a supported reader. Some cash cards also offer rewards or cashback programs, providing benefits to cardholders for their spending.
It is important to note that a cash card is different from a credit card. With a cash card, the funds used for purchases or withdrawals come directly from the cardholder's bank account, whereas credit cards allow users to borrow money up to a certain credit limit.
Common Misspellings for CASH CARD
- xash card
- vash card
- fash card
- dash card
- czsh card
- cssh card
- cwsh card
- cqsh card
- caah card
- cazh card
- caxh card
- cadh card
- caeh card
- cawh card
- casg card
- casb card
- casn card
- casj card
- casu card
- cashcard
Etymology of CASH CARD
The word "cash card" is a compound term that consists of two individual words: "cash" and "card".
The term "cash" originated from the Old French word "caisse", which means "money box". It later entered Middle English as "casche" and eventually evolved into the modern term "cash". The word "card" traces its roots to the Old French word "carte", meaning "playing card" or "map". It then entered Middle English as "card(e)" and took on various meanings, including a rectangular piece of stiff paper used for various purposes.
The combination of "cash" and "card" reflects the idea of having a physical or digital card-like object that grants access to or represents a certain amount of money or funds. The term "cash card" thus refers to a card that enables individuals to withdraw or access funds from a bank account or other financial instrument.
Similar spelling words for CASH CARD
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