The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

MAGNETIC STRIPE Definition & Legal Meaning

Definition & Citations:

A narrow rectangular magnetic strip. Bank cards, credit cards, and the like carry one on the back. Information retained on a magnetic stripe can be damaged or wiped out by a strong electrical or magnetic fields. Account number, customer’s personal identification number, and other required information are readable by ATMs, card swipe machines, magnetic stripe readers, and other like devices.


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