delayed debit card (charge card)

What is delayed debit card (charge card)?

delayed debit card (charge card) definition and meaning on Finance terms:
A card enabling its holders to make purchases and/or withdraw cash and have these transactions charged to an account held with the card issuer, up to an authorised limit. The balance of this account is then settled in full at the end of a predefined period. See also
card (payment card)<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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