The authorized limit placed on a credit card transaction based on the outstanding balance due on the account or the existence of other past due accounts in the card holders credit history. Opposite of floor limit which is the largest credit card transaction that can be approved without prior authorization by the card issuer.
Related information about zero-floor limit:
- Zero-Floor Limit Definition | Investopedia
A retail authorization system in which all of a merchant's credit or debit transactions must be checked against the card's outstanding balance due and/or any ...
- Zero-Floor Limit: Definition from Answers.com
Zero-Floor Limit Retail Point-Of-Sale authorization system in which all bank card transactions are approved by checking the transactions against either.
- What is a Zero Floor Limit?
Feb 23, 2012 ... A zero floor limit means that every card transactions has to be authorized. This is most commonly used at fast food restaurants and convenient ...
- What is zero-floor limit? definition and meaning
Definition of zero-floor limit: The authorized limit placed on a credit card transaction based on the outstanding balance due on the account or the existence of ...
- zero-floor limit Definition | Business Dictionaries from AllBusiness.com
retail point-of-sale authorization system in which all bank card transactions are approved by checking the transactions against either the outstanding balance ...
- Credit Card Processing Floor Limit
Dec 26, 2009 ... All card transactions conducted in a non-face-to-face environment have a zero floor limit, which means that all of them must be authorized, ...
- Zero-Floor Limit - Financial Dictionary - The Free Dictionary
In retail transactions, a system in which a bank card will not be authorized to make a purchase if it would result in an overdraft. A zero-floor limit system also ...
- Standard Floor Limit - Credit Cards
A standard floor limit is also different from a zero floor limit, which is the other kind of floor ... A merchant that implements a zero floor limit would require that an ...