When a Credit Card Is Lost, the Cardholder Is Not

question 3

True/False

When a credit card is lost, the cardholder is not liable for any unauthorized charges after the time of the loss and before the cardholder notifies the credit card company that the card is lost.

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Definitions:

De-energized

The state of an electrical device or system when it is not supplied with power or electricity, often as a safe condition for maintenance or setup.

TOF Timer

A timing function that begins timing when the input signal goes from true to false, often used in programmable logic controllers (PLCs).

Accumulate Time

A process in computing or control systems where elapsed or total time for events is recorded or added together.

Time Delay

An intentional latency inserted in a signal path or operational sequence to regulate the flow of information or synchronization of tasks.