Section 92 | Meaning of “credit-token”

(1)In this Chapter “credit-token” means a credit card, debit card or other card, a token, a document or other object given to a person by another person (“X”) who undertakes—

(a)on the production of it, to supply money, goods or services on credit, or

(b)if a third party (“Y”) supplies money, goods or services on its production, to pay Y for what is supplied.

(2)A card, token, document or other object can be a credit-token even if—

(a)some other action is required in addition to its production in order for the money, goods or services to be supplied;

(b)X in paying Y may take a discount or commission.

(3)For the purposes of this section—

(a)the use of an object given by X to operate a machine provided by X is to be treated as its production to X, and

(b)the use of an object given by X to operate a machine provided by Y is to be treated as its production to Y.

(4)A “credit-token” does not include a cash voucher or a non-cash voucher.