Duhaime's Law Dictionary


Credit Card Definition:

A plastic card issued to concede to the holder, upon presentation to authorized stores or service providers, products or services on credit.

In Ontario, a credit card is defined much as it is in British Columbia and New Brunswick:

"... a card or device under which a borrower can obtain advances under a credit agreement ... for open credit."

Ogilvie notes that most legal definitions of credit card:

"... focus on a card by which credit may be obtained or a card by which goods or services may be obtained on a deferred payment basis or a card ... by which a borrower may obtain advantage under a credit agreement."

In Canada's Criminal Code, at 321:

"... any card, plate, coupon book or other device issued or otherwise distributed for the purpose of being used ... on presentation to obtain, on credit, money, goods, services or any other thing of value ...."

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