Smart Cards Financial Glossary

What is it? A new generation of plastic cards similar to debit cards but which will hold more information. The card will contain a computer chip and will be used to create a cashless payment system with enhanced security. The cards are currently being piloted in certain cities around the world .

Finance Term Definition Added By: Gabriel

The Smart Cards definition has been viewed 2734 Time(s)!

Send To Friends!

If you'd like to send the Smart Cards definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Smart Cards. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Minimum Payment is The minimum amount, usually 2-3 percent of the outstanding balance, a cardholder can pay to keep a credit card account from going into default.

Financial Term In the Money is Situation in which an options strike price is below the current market price of the underlier (for a call option) or above the current market price of the underlier (for a put option).

Financial Term Fraud is Dishonest and illegal practice.

Financial Term Credit Report is A report of an individuals credit history prepared by a credit bureau and used by a lender in determining a loan applicants creditworthiness.

Financial Term Construction Loan Draw is A partial disbursement of the construction loan based on the schedule of payments in the loan agreement. Also called takedown.