A card used to do cash transactions that is not a credit card. It is taken from the balance of the cardholder. If it is more than is available than it is denied. AKA asset card or payment card.

More On This Topic

Link to This Definition
Did you find this definition of DEBIT CARD helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary