PREPAID CREDIT CARD
\pɹɪpˈe͡ɪd kɹˈɛdɪt kˈɑːd], \pɹɪpˈeɪd kɹˈɛdɪt kˈɑːd], \p_ɹ_ɪ_p_ˈeɪ_d k_ɹ_ˈɛ_d_ɪ_t k_ˈɑː_d]\
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A reloadable credit card with a predetermined amount that has been paid for by the user. A parent would issue such a card to their children to keep a track of their spending. Such cards do not require a credit check and the user does not have to worry about being reported to the credit bureaus for the nonpayment of dues.
By Henry Campbell Black
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.