Credit/Purchase Card definition
Credit/Purchase Card means any credit/purchase card method of satisfying a debt owed to a vendor coupled with a promise to pay the invoice amount to a third party. The third party is the "Credit/Purchase Card Company" which means the party that issued the credit/purchase card and sends monthly statements of credit/purchase card usage to the School District. Statements must be sent to the School District on a monthly basis and must contain an itemized explanation of the credit/purchase card's usage including the following information: