A prefix meaning one hundredth (1/100). Example: 1/100th of a meter is called a centimeter (there are 100 centimeters in a meter).
EFT Debits (Normal Debit Orders) EFT Debits, previously known as Magtape debits or ACB, allows a business or organisation to debit the account of their client in order to fulfil the obligations of an underlying agreement.
EBT is an extension of debit card access to benefit funds from POS terminals (orATMs) via electronic fund transfer networks.These regulations were adopted on an emergency basis effective May 1, 2002 and were considered atthe Department's public hearings held on June 19 and 21, 2002.