banking

Zero-Floor Limit

Zero-Floor Limit - Definition In retail transactions, a system in which a bank card will not be authorized to make a purchase if it would result in an Overdraft . A zero-floor limit system also checks for past due accounts.

What is Zero-Floor Limit?

Zero-Floor Limit - Definition In retail transactions, a system in which a bank card will not be authorized to make a purchase if it would result in an Overdraft . A zero-floor limit system also checks for past due accounts.

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