Magnetic Stripe (Noun)
Meaning
A short strip of magnetic tape attached to a credit card or debit card; it contains data that will tell a reading device who you are and what your account number is, etc..
Classification
Nouns denoting man-made objects.
Examples
- The credit card's magnetic stripe made it easy to make purchases at stores and restaurants.
- When the magnetic stripe on her debit card wore out, she had it replaced at the bank.
- The cashier swiped the card and the magnetic stripe was read by the point of sale terminal.
- Due to security concerns, many banks have started issuing cards with chips in addition to the traditional magnetic stripe.
- A strong magnet can potentially damage the magnetic stripe on a credit card, causing it to malfunction.