Investments glossary

Zero-Floor Limit

Zero-floor limit is a term that relates to authorization for transactions involving credit and debit cards. Floor limit refers to the limit above which credit or debit transactions require authorization. A retailer can only automatically process transactions up to the maximum set by the floor limit. When that limit is zero, all transactions require authorization, regardless of their size. Authorization is provided electronically through the debit or credit card’s issuer.

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