Stored value device definition

Stored value device means a card or other device that
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Stored value device means a card or other tangible object used for the transmission or payment of money that contains a microprocessor chip, magnetic stripe, or other means for the storage of information; that is prefunded; and the value of which is reduced after each use. The term does not include a tangible object the value of which is redeemable in the issuer's goods and services.
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Stored value device means a card or other device that electronically stores or provides access to funds and is avail- able for transferring the funds or value to others.
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Examples of Stored value device in a sentence

  • Stored value device" means a card or other tangible object used for the transmission or payment of money that contains a microprocessor chip, magnetic stripe, or other means for the storage of information; that is prefunded; and the value of which is reduced after each use.


More Definitions of Stored value device

Stored value device means a debit card or other device that draws funds from an
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Stored value device means a debit card or other device that draws funds from an account owned or operated by the user and that allows the user to obtain something of value from a merchant.
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Stored value device means a card or other device that electron­ ically stores or provides access to funds and is available for trans­ ferring the funds or value to others.
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Related to Stored value device

  • Portable Device means any computing device with a small form factor, designed to be transported from place to place. Portable devices are primarily battery powered devices with base computing resources in the form of a processor, memory, storage, and network access. Examples include, but are not limited to, mobile phones, tablets, and laptops. Mobile Device is a subset of Portable Device.

  • Approved Device means a device described in Subsection 20A-21-201(4) used to

  • Mobile Device means a computing device, typically smaller than a notebook, which runs a mobile operating system, such as iOS, Android, or Windows Phone. Mobile Devices include smart phones, most tablets, and other form factors.

  • Covered Equipment means, unless otherwise specified in a Schedule, Covered Property:

  • Heating Value means the gross heating value on a dry basis, which is the number of Btus produced by the complete combustion at constant pressure of the amount of dry gas (gas containing no water vapor) that would occupy a volume of one Cubic Foot at 14.73 psia and 60° F with combustion air at the same temperature and pressure as the gas, the products of combustion being cooled to the initial temperature of the gas and air, and the water formed by combustion condensed to the liquid state.

  • Gambling device means a mechanical, electromechanical, or electronic device, machine, slot