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debit card

noun
1.
a plastic card that resembles a credit card but functions like a check and through which payments for purchases or services are made electronically to the bank accounts of participating retailing establishments directly from those of card holders.
Origin
1975-1980
1975-80
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for de bit card

debit card

noun
1.
an embossed plastic card issued by a bank or building society to enable its customers to pay for goods or services by inserting it into a computer-controlled device at the place of sale, which is connected through the telephone network to the bank or building society. It may also function as a cash card, a cheque card, or both
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Encyclopedia Article for de bit card

debit card

small card, similar to a credit card, offering means of paying for a purchase through transfer of funds from the purchaser's bank account to the vendor. Financial institutions that process these transactions benefit from cheaper transaction costs (it is more expensive for banks to process transactions paid with checks) and immediate payment. Although the financial institution receives the credit immediately, the vendor is credited in the same way as in a credit card transaction-usually within a matter of days. Debit cards differ from stored-value cards (also known as smart cards), which simply subtract the transaction amount from cash value stored on the card

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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3
3
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