Financial Terms and Transactions

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Nickel

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A coin of the U.S. Part of a dollar. 5 cents

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Dime

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A coin of the U.S. and Canada, worth one tenth of a dollar or 10 cents.

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Quarter

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One fourth of a U.S. or Canadian dollar, equivalent to 25 cents.

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Spend

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To pay out, disburse or extend; dispose of (money, wealth, resources, etc.)

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Credit Card

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A card issued by banks, businesses, etc, enabling the holder to obtain goods and services on credit.

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Debit Card

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A plastic card that resembles a credit card but functions like a check and through which payment for purchases or services are made electronically to the bank accounts of participating retailing establishments directly from those or card holders.

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Bill

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A statement of money owed for goods or services supplied.

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Tap

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Transactions made by tapping either a contactless card or payment-enabled mobile or wearable device over a contactless-enabled payment terminal.

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Swipe

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To slide (a magnetic card) quickly through an electronic device.

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Insert

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Transactions that are made by sticking the chip end of your card into the slot on the reader.