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GLOSSARY TERMS
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Authorized Transactions

An authorized transaction is a transaction that has been approved or authorized by the credit card issuer. Once authorization has been received by the merchant from the credit card processor, the merchant is assured of receiving payment on the sale. Merchants will not receive payment, and cardholders will not be responsible to pay for transactions that had a declined authorization.


Previous Credit Card Term: Authorized Amount

Next Credit Card Term: Automated Teller Machine


* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.