| Term | Definition |
|---|---|
| Purchasing Card (P-Card) |
A purchasing card or P-card is a commercial credit card that can be used by a business to make purchases. These cards are often used to make small purchases for which the invoicing process would be inconvenient. Unlike typical corporate credit cards, P-cards aren't linked to an employee expense account, but instead are used to make purchases on behalf of the company itself. |
