Terms Beginning With 'z'

Zero-Floor Limit

  • January 29, 2020
  • Team Kalkine

Zero-floor limit is a retail transaction system under which credit cards and debit cards of a bank are not authorised to make purchases exceeding their limit. The zero-floor limit cards are those cards that are not authorised to make transactions that would result in an overdraft. Once the floor limit for the transaction is reached, the transactions require proper authorisation, irrespective of their size.

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