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PIN
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   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia 0.01 sec.

PIN

In banking, a unique number used as a password to establish the identity of a customer using an automatic cash dispenser. The PIN is normally encoded into the magnetic strip of the customer's bank card and is known only to the customer and to the bank's computer. Before a cash dispenser will issue money or information, the customer must insert the card into a slot in the machine (so that the PIN can be read from the magnetic strip) and enter the PIN correctly at a keyboard. This helps to prevent stolen cards from being used to obtain money from cash dispensers.



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The Pittodrie boss is pinning faith on former Scotland Under-21 international Considine filling the gap.
8 KRIS KIN Landed a massive public day-of-race gamble to win Vodafone Derby, with punters pinning faith on the mighty team of Sir Michael Stoute and Kieren Fallon.
Charles returns to the club which he left for Manor Park in the summer of 2000 and manager Steve Burr is pinning faith on the revitalised front- runner to continue his purple patch at the expense of his old colleagues.
 
 
 
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