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What are the major documents for credit transaction?
what are the major documents used in credit transaction
What is card approval?
Well, this is an ambiguous question, so I will answer for all the possible interpretations for the benefit of the reader:1. When you apply for a credit card if the application is successful then it is said that your card has been approved2. When a card is swiped through at the terminal or eft point, the credit provider's server is connected to enable to processing of the transaction. When the transaction is successfully processed, people often use the term the card approved / transaction approved...Hope this helps!
Who is responsible to ensure a legal government credit card transaction occurs when making a purchase?
using card holder.
How does a cash transaction differ from a credit transaction?
A cash transaction is actually using money you have at the time ; A credit transaction is spending money that you don't actually pay immediately , but at a later date
What does O.A.C mean?
Usually "on approved credit" Means if you're approved you get credit
If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?
Yes.
Explain the difference between a cash and credit transaction for purchass and sales?
explain the difference between cash and credit transaction
Is payment by check a credit or cash transaction?
Paying by cheque is a cash transaction. Assets: debit =increase credit=decrease
Who wins in credit transaction?
the loaner
What is meant by transaction?
paper transaction is the transaction against which on credit or cash received or paid it is just in papers
What is the authorization number on a credit card?
It is a five or six numbers generated by an issuing bank, using a credit card, for the purpose of validating a credit card whenever it is approved in the sale of a service. Here the authorization code is to approve the transaction. Here i prefer virtual credit card for transactions.
Does pending mean they already took the money out of the account?
yeah...pending in banking means that transaction is in process whether it is a credit or debit on an account.
