SHOPPING - PAYING FOR SHOPPING - PART TWO
currency: A medium of exchange for goods and services, used universally within a country or a specific economic system.
debit card: A payment card that deducts money directly from a consumer's account to pay for a purchase.
debt: Money owed by one party to another.
denomination: A specific value assigned to a coin, bill or monetary unit of a currency.
digital wallet: An electronic device or online service that allows an individual to make electronic transactions by storing information about their bank accounts and/or credit cards.
duty-free: Refers to goods or products that are exempt from payment of customs duties and taxes, typically in international airports or on board ships and airplanes.
Electronic Payment (or) E-Payment Refers to the transfer of funds from one person or entity to another through electronic means such as a credit card, debit card, or electronic funds transfer., rather than cash or check.
E-Wallet: Refers to an electronic device or online service that used to store and manage digital currency or payment information and allows an individual to make transactions, such as online purchases without using cash or a credit card.
expensive: Refers to having a high price or cost.
free: Refers to something that is given without charge or cost.
gift Card: A pre-paid card that can be used to purchase goods or services from the issuing retailer or service provider.
gift Certificate: A certificate or voucher that can be redeemed for goods or services, often given as a present or reward.
knock-off: A copy of an original product, made to look similar, often with lower quality, and sold at a lower price.
loyalty Card: A card provided by a retailer to its customers, that tracks purchases made by the cardholder, usually with the goal of offering discounts and rewards based on the amount they spend.
markup: The difference between the cost price of a product or service and its selling price, expressed as a percentage or ratio which is usually the profit earned by the seller.
note: A written message, often in the form of a memo or letter, used for communication and provides information or serves as a reminder
offer: A proposal to sell or provide a product or service at a specified price.
pay: To give money in exchange for goods or services.
payment: The act of giving money in exchange for goods or services.
