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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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T
 
Transaction
definition
What does Transaction mean?

A transaction is the process which involves exchange of goods vs. monetary values, and it can include a vast array of processes. Most types of transactions are called financial transactions, and these can include different purchases, loans, bank account involving transactions, mortgages, and credit and debit card purchases. The use of credit cards have become by now a preferred method for transactions worldwide, and these are typically accepted almost anywhere. Depending on the issuer, on the type of the card and on other factors, it certainly gives a comfort to the cardholder, as he can avoid carrying large sums of cash upon him.
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