Definitions.
For the purposes of this section, the following words, terms
and phrases shall have the meanings respectively ascribed to them
by this subsection:
Cardholder.
The person or organization identified on the face of a credit
card to whom or for whose benefit the credit card is issued by an
issuer.
Credit card.
Any instrument or device, whether known as a credit card,
credit plate, charge card or by any other name, issued with or without
fee by an issuer for the use of the cardholder in obtaining money,
goods, services or anything else of value, either on credit, or in
consideration of any undertaking or guarantee by the issuer of the
payment of a check drawn by the cardholder.
Incomplete credit card.
A credit card upon which a part of the matter, other than
the signature of the cardholder, which an issuer requires to appear
on the credit card before it can be used by a cardholder, has not
been stamped, embossed, imprinted or written on it.
Issuer.
The business organization or financial institution, or its
duly authorized agent, which issues a credit card.
Merchant.
Every person who is authorized by an issuer or a participating
party to furnish money, goods, services or anything else of value
upon presentation of a credit card by a cardholder.
Participating party.
A business organization or financial institution, other than
the issuer, which acquires for value a sales slip or agreement.
Revoked credit card.
A credit card for which the permission to use has been suspended
or terminated by the issuer, and notice thereof has been given to
the cardholder.