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.