A prefix meaning one hundredth (1/100). Example: 1/100th of a meter is called a centimeter (there are 100 centimeters in a meter).
EFT Debits (Normal Debit Orders) EFT Debits, previously known as Magtape debits or ACB, allows a business or organisation to debit the account of their client in order to fulfil the obligations of an underlying agreement.
Electronic discounts (clipless coupons) (food industry term): A discount price for the future purchase of an item printed on a customer's receipt. Electronic funds transfer (eft) (food industry term): The use of telecommunications systems and debit and credit cards to move funds.