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credit cards faq/glossary
The most common questions asked about Credits Cards.
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Credit Card Glossary
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C
 
Cashing
definition
What does Cashing mean?

In the credit card industry cashing generally means converting any type of financial instrument, like a check, guarantee, draft, share, or  insurance policy into cash.

On a more specialized level, cashing is a type of carding felony. It involves using a stolen credit or debit card’s information in order to directly withdraw sums of money from a credit or debit card, credit line, or bank account, belonging to a consumer that has been a victim of identity theft. This action is also called “PIN cashing”.
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