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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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Crisis-hit dealers are pinning hopes on the new scrappage scheme, launched in mid-May, which pays owners pounds 2,000 to trade in 10-year-old motors.
SUKKUR, 23 May, 2009 (Balochistan Times) -- Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry has said the whole nation is pinning hopes on judiciary.
economic outlook after April jobs data, with investors also pinning hopes on a string of Chinese economic indicators due out this week.
 
 
 
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