The Law Dictionary

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

PREPAID CREDIT CARD Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

A reloadable credit card with a predetermined amount that has been paid for by the user. A parent would issue such a card to their children to keep a track of their spending. Such cards do not require a credit check and the user does not have to worry about being reported to the credit bureaus for the nonpayment of dues.

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