Overview

store card


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Quick Reference

A plastic card issued by a store or retail chain that entitles the holder to purchase goods or services up to a prescribed limit from that store or outlets in the chain. Customers receive monthly statements from the retailer, or a finance company appointed by the retailer; they may settle the bill in full without interest, or make a specified minimum payment and pay interest on the outstanding balance. See also charge card.

Subjects: Business and Management.


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