Lexeme: credit card transaction  
Very Rare (0.01)
Definition:
  1. noun. A credit card transaction refers to the process of making a purchase or payment using a credit card. It involves the transfer of funds from the issuing bank or financial institution to the merchant or seller, allowing the cardholder to buy goods or services without having immediate cash on hand. The transaction is completed by swiping, inserting, or tapping the credit card at a point-of-sale (POS) terminal, or by providing the card information for online or over-the-phone purchases. The cardholder is then billed for the transaction amount at a later date, typically with added interest if the balance is not paid in full within the designated billing cycle. GPT3.5
Word Forms:
  • noun. credit card transaction (singular), credit card transactions (plural)
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