Financial Glossary

Understand credit card and debit card definitions with our financial glossary

Here is a set of 100+ finance definitions that will help you better understand the meaning of terms like business credit cards, business debit cards, reloadable cards, prepaid cards, virtual cards, p-cards and many other terms. This financial glossary is a reference point for any terms you are not familiar and each finance definition links to a full article on the subject.

Accounting Fraud

Accounting fraud is the intentional act of manipulating financial statements in order to create asset inflation. This type of fraud can take multiple forms, including the direct misappropriation of business funds, check fraud and billing schemes. Read more about Accounting Fraud.

ACFE

The Association of Certified Fraud Examiners is the largest anti-fraud organization in the world and is a source for anti-fraud training and education. Fraud examiners are able to obtain certifications through the organization that demonstrates that they have the highest levels of skill required to uncover evidence of business fraud. Read more about ACFE.

Business Credit Card

A business credit card is a card for businesses that can be used to purchase supplies, inventory and other business related items. Businesses may use the cards to pay invoices or to make payments at the time that they are due rather than waiting to get approval to make the purchases or payments.Read more about Business Credit Cards.

Business Debit Card

The business debit card uses funds from the business checking account. This card allows assignment of expense categories and allotments of amounts to different employees. Read more about Business Debit Cards.

Business Expense Reimbursement

A business expense reimbursement is when a business pays an employee back for daily business related purchases. Many companies handle business expense reimbursement by having the employees complete paper reimbursement forms, attach receipts and submit them to the accounting department for approval. Read more about Business Expense Reimbursement.

Business Fraud

Business fraud is a catch-all term for various forms of business theft, including embezzlement, fund misappropriation and identity-based scams. Read more about Business Fraud.

Business Prepaid Card

Prepaid cards for small businesses are cards that are tied to business bank accounts and provide precise controls and convenient accounting for small businesses. Read more about Business Prepaid Cards.

Business Prepaid Debit Card

A prepaid debit card for business lets the employer deposits the amount on each card and then designates purchases of only specific types of goods that are allowed. Read more about Business Prepaid Debit Cards.

Certified Fraud Examiner

Certified fraud examiners are specialized accounting professionals that investigate suspected fraud and help to identify the perpetrators. These professionals work for the government, in private practice for businesses and at banks. Read more about Certified Fraud Examiner.

Church Credit Card

Church credit cards require a credit check and can be used to make purchases and payments for a church. Church employees can make charges and cash withdrawals for only church related expenses. Read more about Church Credit Cards.

Church Debit Card

Churches are able to make deposits into central accounts and decide how much money to allocate to each debit card with church debit cards. These cards can be used by church employees to make church related purchases and are accepted anywhere that debit cards are. Read more about Church Debit Card.

Church Fraud

Church fraud happens when someone in a position of trust in a church or other religious organization diverts funds from the church to himself or herself. Read more about Church Fraud.

Church Prepaid Card

A church prepaid card allows set limits on how much each cardholder is able to spend per day and restricts the types of items that each church employee can buy. Read more about Church Prepaid Card.

Commercial Credit Card

A commercial credit card is specifically designed for businesses. This pre-approved account can be accessed by borrowing money to meet business financial obligations, which are paid back when funds become available. Read more about Commercial Credit Card.

Company Credit Card

Company credit cards allow employees to purchase business needs without having to submit request forms, have checks signed or use petty cash. These cards can also have designated limitations at certain types of locations. Read more about Company Credit Cards.

Company Debit Cards

Company debit cards are prepaid business cards that allow employers to deposit an amount onto the card whereby employees are limited to that amount for business related expenses. Read more about Company Debit Cards.

Corporate Card

A corporate credit card is only available to businesses and is linked to a line of credit. This card provides employees with a form of payment for business related expenses. When purchases are made with the card, the card issuer is loaning the money to buy the items or to make the payments. Read more about Corporate Cards.

Corporate Credit

Corporate credit is an amount that is loaned to a business or corporation by an institution, in which must be repaid under the terms of the agreement. Read more about Corporate Credit.

Corporate Debit Card

Purchases that are made with corporate debit cards are subtracted from the company’s account balance, rather than adding to the company’s debt. Read more about Corporate Debit Card.

Corporate Fraud

The business losses that you may sustain due to various forms of theft is known as corporate fraud. Read more about Corporate Fraud.

Corporate Prepaid Card

Under a corporate prepaid card, the business owner funds the card with the amount of money that is to be used for business related expenses. This card allows you to transfer funds, set expense limits, and specify the sorts of merchants that the employee is allowed to visit with the cardRead more about Corporate Prepaid Card.

Credit Card Fraud

Invalid credit card use by making unauthorized purchases is credit card fraud. Read more about Credit Card Fraud.

Debit Card

A debit card is a type of payment card that is used to complete purchases where funds are withdrawn from the owner’s account. Read more about Debit Cards.

Debit Card for Business

Business debit cards are payment cards where the money is deducted from the business checking account. Employee card limitations can be placed for different categories of expenses and daily usage on this type of card. Read more about Debit Cards for Businesses.

Debit Card for Employees

Employee debit cards are employee cards where the money is deducted from the business checking account for business related purchases. These cards can be used according to their job requirements and limitations can be set by the employer. Read more about Debit Cards for Employees.

Embezzlement

Embezzlement occurs when a person in a position of trust steals from your company. Read more about Embezzlement.

Employee Credit Card

Employee credit cards are credit cards that allow businesses to designate employee authorized purchases with exacting detail, while tracking purchases. Read more about Employee Credit Cards.

Employee Debit Card

When employees use employee debit cards, the money is subtracted from the company’s funds, rather than from your personal credit line. This card allows assignment of expense categories and allotments of amounts to different employees. Read more about Employee Debit Cards.

Employee Expense

Employee expenses comprise of the money that is spent during any business day in order to keep the company running smoothly. Some examples of these types of expenses might include office supplies, shipping, food, gasoline, uniforms, safety equipment, tools, and others. Read more about Employee Expenses.

Employee Expense Card

Employee expense cards are prepaid, reloadable debit cards that allow you to designate specific types of allowed spending. Read more about Employee Expense Cards.

Employee Expense Tracking

Employee expense tracking is the small business system of auditing employee purchases. Read more about Employee Expense Tracking.

Employee Fraud

Employee fraud is when workers unknowingly or knowingly take or steal from the business. Read more about Employee Fraud.

Employee Gas Card

Employee gas cards allow employees to purchase gas for the vehicle that is used for business purposes. Read more about Employee Gas Cards.

Employee Theft

Employee theft occurs when an employee steals from the business. Read more about Employee Theft.

Expense App

The expense app is a tool that helps businesses keep track of their expenses. This app can also monitor money in order to prevent waste and fraud. Read more about the Expense App.

Expense Calculator

An expense calculator can help you to see how much your business is spending across a variety of categories. Using a calculator can help you to improve your company’s expense management so that you can keep your costs under control. Read more about the Expense Calculator.

Expense Card for Employees

Employee expense cards are prepaid, reloadable debit cards that allow you to designate the specific types of allowed spending. Read more about Expense Cards for Employees.

Expense Fraud

Expense fraud, also known as expense report fraud or expense reimbursement fraud, is a specific form of internal theft that can manifest in a variety of ways. In this type of fraud, employees take advantage of your willingness to repay them for spending their own money on your behalf. Read more about Expense Fraud.

Expense Fraud Calculator

An expense fraud calculator is a software tool that helps you get more insight on the fraud risk your company faces. Read more about the Expense Fraud Calculator.

Expense Management

Expense management is the system by which a business processes and analyzes their expenses. Read more about Expense Management.

Expense Reimbursement

Expense reimbursement is when you pay an employee back for personal money that was spent for business purchases. Read more about Expense Reimbursement.

Expense Tracking

Expense tracking is the auditing of business purchases. Read more about Expense Tracking.

Fleet Card

A fleet card is a credit or debit card that is given to company drivers who regularly drive vehicles for their jobs. They can use the cards to pay for gas and vehicle repairs related to the business. Read more about Fleet Cards.

Fraud

Fraud is defined as dishonest and illegal activities. Small business fraud includes billing schemes, fake invoicing and cash fraud. Read more about Fraud.

Fraud Calculator

A fraud calculator is a software tool that helps you get more insight on the fraud risk your company faces. The calculator asks a number of questions around accounting, business and payments practices. It then provides a fraud risk score from 1 to 100 along with a set of customized fraud recommendations. Read more about the Fraud Calculator.

Fraud Detection

Fraud detection systems analyze transactions and expenses to manage the risk of fraud. Read more about Fraud Detection.

Fraud Prevention

Fraud prevention are the measures that small businesses take to minimize the risk of illicit activity. Read more about Fraud Prevention.

Fuel Card

A fuel card may either be a fuel debit card or a fuel credit card that can be used to pay for gasoline or diesel and to purchase items inside of the stores. Read more about Fuel Cards.

Fuel Cards for Business

Fuel cards for businesses are cards that can be used for business related gas and maintenance expenses. Read more about Fuel Cards for Businesses.

Gas Card

Gas cards are credit cards or gas debit cards that can be used for fuel and related purchases at gas stations. Read more about Gas Cards.

Gas Cards for Business

Business gas cards allow payment for gas related employee expenses at the gas station. Limitations can be placed on this type of card by the employer. Read more about Gas Cards for Businesses.

Gas Credit Cards

Gas credit cards are linked to a line of credit issued by a particular gas station. You can see what is being spent on each card, providing you with better tracking. Read more about Gas Credit Cards.

Gas Debit Card

Gas debit cards are linked to accounts and subtract the gas and gas related purchase price directly from the checking account balance. Read more about Gas Debit Cards.

Ghost Card

A ghost card is a type of credit or debit card that allows you to assign different card numbers to different departments within your organization. The individual numbers allow the departments to make authorized purchases for your company, but the numbers themselves are not usable by either internal or external thieves. Read more about Ghost Cards.

Internal Fraud

Internal fraud occurs when an employee theft results in a business loss. This type of theft includes misappropriation of assets or evasion of regulations, laws or policies of a company. Read more about Internal Fraud.

Non profit credit card

A non profit credit card is a type of business credit card that is used only by non profit organizations. This card allows employees to make purchases without having to go through purchasing requests or expense reimbursement processes. Read more about Non profit Credit Cards.

Non profit Debit Card

Non profit debit cards are linked to their financial accounts so that their employees can make purchases when they are needed without having to go through time-consuming purchasing requests or expense reimbursement processes. Read more about Non profit Debit Cards.

Non profit Fraud

Fraud is a catch-all term for various forms of theft to a non profit. Examples of non profit fraud include embezzlement, fund misappropriation and identity-based scams. Read more Non profit Fraud.

Non profit Prepaid Card

With non profit prepaid cards, you can set spending limits on individual cards, restrict the types of purchases and monitor usage. This card is not linked to a bank account and has a set amount preloaded on the card. Read more about Non profit Prepaid Cards.

P Card

P cards, which are also known as procurement cards, are business cards that allow spending limits and merchant category restrictions. The cards are prepaid so that you do not have to worry about qualifying for them based on your credit. You simply deposit money into one central account and use funds from it to designate the amounts you want to place on each card. Read more about P Cards.

Prepaid Business Cards

Prepaid business cards, which are linked to business bank accounts, provide precise controls and convenient accounting for businesses. Read more about Prepaid Business Cards.

Prepaid Business Credit Card

Prepaid credit cards for small businesses allow employers to limit employee purchases by preloaded amounts as well as set expense categories. Read more about Prepaid Business Credit Cards.

Prepaid Business Debit Card

A prepaid business debit card draws from an allocated account that limits amount and usage that an employer predetermines for each employee. Read more about Prepaid Business Debit Cards.

Prepaid Business Gas Card

Prepaid business gas cards are funded by depositing money onto the card for employee gas related expenses. The employer can place restrictions on employee daily spending and also designate the types of allowed purchases. Read more about Prepaid Business Gas Cards.

Prepaid Fuel Card

Prepaid fuel cards are reloadable cards that work like debit cards for fuel purchases. A set amount can be deposited on these cards to limit spending. Read more about Prepaid Fuel Cards.

Prepaid Gas Card

Prepaid gas cards provide a way for businesses to give their employees a method to purchase gas when they are traveling. A set amount can be deposited on these cards to limit spending. Read more about Prepaid Gas Cards.

Prepaid Visa Card

A prepaid Visa card is a type of debit card that you can choose how much money to place on it. You can then give it to an employee so that he or she can spend the money that you have placed on the card to purchase items for your business. Read more about Prepaid Visa Cards.

Procurement Card

Procurement cards are also known as purchasing cards or P-cards. The cards are issued to specific employees to make needed purchases or payments, and the employees who receive the cards are expected to adhere to the business’s policy regarding the use of the cards. Read more about Procurement Cards.

Purchasing Card

Purchasing or procurement cards are also known as P-cards. These are business cards that use the credit and debit card system to pay for the business related purchases. Businesses are able to limit what can be purchased on each card according to specific categories. They can also set spending limits by the day or week on each card. Read more about Purchasing Cards.

Refillable Business Debit Card

On a refillable business debit card, the amount the employee can spend is limited by the funds that you preload onto the card. Read more about Refillable Business Cards.

Refillable Fuel Card

Refillable gas cards provide a tangible daily limit that is deposited to the card, which can be added to as needed. Employers can limit the use at the gas pump, as well as use inside the store for snacks or other purchases. Read more about Refillable Fuel Cards.

Refillable Gas Card

Refillable gas cards provide employees with a tangible daily limit that is deposited onto the card for gas and store purchases. The amount on this card can be added onto as needed. Read more about Refillable Gas Cards.

Reloadable Business Card

A reloadable business card lets the employer control how much is spent on the card and has the capability to add to the balance of the card when needed. Read more about Reloadable Business Cards.

Reloadable Business Credit Cards

Reloadable business credit cards specify purchase limits and categories of purchases that are valid for the employee card. The funds on this card can be added to as needed. Read more about Reloadable Business Credit Cards.

Reloadable Business Debit Card

A reloadable business debit card is a refillable card for business use that ties into a designated bank account. Read more about reloadable business debit cards.

Reloadable Credit Cards

Reloadable credit cards are usually prepaid cards with a designated amount that is not attached to a bank account. The amount on the card to can added to as needed. Read more about Reloadable Credit Cards.

Reloadable Debit Card

A reloadable debit card is a card that ties into a designated bank account. This provides easy and secure access to expense funds where funds can be added when needed. Read more about Reloadable Debit Cards.

Reloadable Fuel Cards

Reloadable fuel cards allow set daily, weekly or monthly amounts for each card. This allows better tracking of fuel expenses and expense tracking. Read more about Reloadable Fuel Cards.

Reloadable Gas Card

Reloadable gas cards are prepaid cards that allow set amounts and can be added to as needed. Read more about Reloadable Gas Cards.

Reloadable Visa Card

Reloadable Visa cards are prepaid cards that you can add funds to for purchases. It is similar to a debit card in that you can also transfer money, pay bills, withdraw cash and receive direct deposits. Read more about Reloadable Visa Cards.

Secured Business Credit Card

Secured business credit cards are cards that offer lines of credit to businesses which are held against deposits that the businesses are required to make. Read more about Secured Business Credit Cards.

Secured Credit Card

A secured credit card requires a cash deposit that meets your credit line. The card purchases are limited to that set amount. Read more about Secured Credit Cards.

Small Business Credit Card

A small business credit card is limited to business use and is limited to a line of credit. By using this card to make your business purchases, you can better track and manage business expenses. Read more about Small Business Credit Cards.

Small Business Debit Card

A small business debit card is a prepaid card that deducts money from the business checking account and not from a line of credit. Read more about Small Business Debit Cards.

Virtual Card

Virtual credit cards are simply numbers that are issued by the credit company that allows companies to make one-time purchases but cannot be traced back to your card or to your business. Read more about Virtual Cards.

Virtual Card API

Virtual credit card API is a simple payment solution to issue and manage virtual expenses. Examples of these uses include paying invoices, department travel and advertising clients. Read more about Virtual Card API.

Virtual Credit Card

Virtual credit cards are online cards that are generated in the cloud and are simply a random set of numbers that are linked to your account. Read more about Virtual Credit Cards.

Virtual Debit Card

Virtual debit cards are not plastic cards, but are randomly generated credit card numbers that are linked back to the business account for the purpose of online transactions. Read more about Virtual Debit Cards.

Virtual Expense Card

Virtual expense cards are card numbers that can be used to make single or several purchases over a short duration. The card numbers can be restricted by merchant codes or categories and will not work after they have been used. Read more about Virtual Expense Cards.

Virtual Payment

Virtual card payments are payments that use virtual card numbers to make single or several purchases using one-time numbers for the online transaction. Read more about Virtual Payment.

Virtual Payment Card

Virtual payment cards are randomly generated card numbers that can be used to make single or several purchases that can be linked to specific transactions. Read more about Virtual Payment Cards.

Virtual Prepaid Card

A prepaid virtual card is not an actual plastic card. It is instead a virtual card that is a randomly generated credit card number that is based on an existing account. After the purchase is completed, the number will no longer work. Read more about Virtual Prepaid Cards.

Virtual Procurement Card

Virtual procurement cards are also known as purchasing cards. These cards allow for business purchases using random generated numbers. Read more about Virtual Procurement Cards.

Visa Business Credit Card

Business Visa credit cards have revolving credit lines attached to them. Business purchases that are made are charged to the credit line, which must be repaid. Read more about Visa Business Credit Cards.

Visa Business Debit Card

On business Visa debit cards, the owner can place different amounts on different cards and set individual spending limits. The employees can then be given their own cards to use to make purchases or payments for the business, and the money is subtracted from the funds that the business owner placed on the individual cards. Read more about Visa Business Debit Cards.

Visa Debit Card

Debit Visa cards are payment cards that you can use to pay for goods and services without having to carry cash. The cards have 16-digit credit card numbers and are linked to your deposit account. When you make a purchase with your card, the cost is automatically subtracted from your account balance. Read more about Visa Debit Cards.

Visa Prepaid Card

A prepaid Visa card is a type of debit card that you can choose how much money to place on it. Read more about Visa Prepaid Cards.

Visa Prepaid Credit Card

Visa prepaid credit cards are cards that you fund with money from your account, but the cards cannot be used to access your account. These cards can be used to make payments or purchases for your business. Read more about Visa Prepaid Credit Cards.

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