Using ATM Card

Expenditure

Actual payment of cash or cash-equivalent for goods or services, or a charge against available funds in settlement of an obligation—as evidenced by an invoice, receipt, voucher, or other such document. A revenue expenditure is cash used in payment for goods and services consumed in a short period. A capital expenditure is cash used in purchase of fixed assets that last one year or more.

expenditure is classified by economists into three main types.Government purchases of goods and services for current use are classed as government consumption. Government purchases of goods and services intended to create future benefits, such as infrastructure investment or research spending, are classed as government investment. Government expenditures that are not purchases of goods and services, and instead just represent transfers of money, such as social security payments, are called transfer payments. Government spending can be financed by seigniorage, taxes, or government borrowing.

The first two types of government spending, namely government consumption and government investment, together constitute one of the major components of gross domestic product.

Revenue

In business, revenue or revenues is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Some companies also receive revenue from interest, dividends or royalties paid to them by other companies.Revenue may refer to business income in general, or it may refer to the amount, in a monetary unit, received during a period of time, as in "Last year, Company X had revenue of $32 million."

Profits or net income generally imply total revenue minus total expenses in a given period. In accounting and financial analysis, revenue is often referred to as the "top line" due to its position on the income statement at the very top. This is to be contrasted with the "bottom line" which denotes net income.

Investments such as stock shares in companies.For government, revenue includes gross proceeds from income taxes on companies and individuals, excise duties, customs duties, other taxes, sales of goods and services, dividends and interest.

Discount rate

The discount rate is an interest rate a central bank charges depository institutions that borrow reserves from it.

The term discount rate has two meanings:

* the same as interest rate; the term "discount" does not refer to the meaning of the word, but to the purpose of using the quantity, such as computations of present value, e.g. net present value or discounted cash flow

* the annual effective discount rate, which is the annual interest divided by the capital including that interest; this rate is lower than the interest rate; it corresponds to using the value after a year as the nominal value, and seeing the initial value as the nominal value minus a discount; it is used for Treasury Bills and similar financial instruments

Businesses need to consider the discount rate when deciding whether to spend some of their profits on buying a new piece of equipment, or whether to give the profit back to their shareholders. In an ideal world, they would only buy a piece of equipment if the shareholders would get a bigger profit later. The amount of extra profit that a shareholder requires in the future in order to prefer that the company buy the equipment rather than giving them the profit now is based on the shareholder's discount rate. There is a widely used way of estimating shareholder's discount rates using share price data. It is known as the capital asset pricing model. Businesses normally apply this discount rate to their decisions about purchasing equipment by calculating the net present value of the decision.

Debit Card

A debit card (also known as a bank card or check card) is a plastic card which provides an alternative payment method to cash when making purchases. Functionally, it can be called an electronic check, as the funds are withdrawn directly from either the bank account (often referred to as a check card), or from the remaining balance on the card. In some cases, the cards are designed exclusively for use on the Internet, and so there is no physical card.

The use of debit cards has become widespread in many countries and has overtaken the cheque, and in some instances cash transactions by volume. Like credit cards, debit cards are used widely for telephone and Internet purchases.

Debit cards can also allow for instant withdrawal of cash, acting as the ATM card for withdrawing cash and as a cheque guarantee card. Merchants can also offer "cashback"/"cashout" facilities to customers, where a customer can withdraw cash along with their purchase.

Offshore credit cards

Offshore credit cards are credit cards issued by an offshore bank in a jurisdiction that is different to that of the cardholder. Real 'unsecured' offshore credit cards with credit lines are very difficult for the average person to obtain because banks refuse to issue them. Most banks will need possession of reliable credit histories and a means of getting their money back. If a customer is somewhere 'offshore' the risk of extending a credit line is too great and so as a result these cards are only issued to clients that have long standing relationships with the bank in question.

Since it is almost impossible to get one, if you see an 'unsecured' offshore credit card advertised online beware it is probably a scam. Since most banks will not offer credit lines without some kind of insurance, they offer 'secured' offshore credit cards as an alternative. Secured offshore credit cards involve depositing a certain amount (usually 125-150% of the credit line) to cover what you borrow. For a credit line of 20,000 USD for example, a deposit of 25000-30000 USD may be required. This aside, the card operates to all intents and purposes like a normal credit card, and most carry a major label such as Visa or MasterCard.

Another type of card often marketed as a credit card is an offshore debit card. Offshore debit cards are linked to an offshore bank account, and do not involve any extensions of credit whatsoever. The only money that may be spent is the amount stored in the offshore bank account itself. An offshore Visa debit or MasterCard is accepted worldwide just like a credit card.