Virginia legal term
Open-loop gift card in Virginia Criminal Law
Current through 2026 Virginia legislative session
In Virginia criminal law, “Open-loop gift card” is a term defined by statute rather than by its everyday meaning. Its statutory definition — quoted verbatim below — controls how the term is applied throughout the Virginia criminal code.
What does “Open-loop gift card” mean in Virginia criminal law?
"Open-loop gift card" means a card, code, or device that is issued to a consumer on a prepaid basis, regardless of whether that amount may be increased or reloaded in exchange for payment, and is redeemable upon presentation at multiple unaffiliated merchants for goods or services within the payment card network. (Va. Code Ann. § 18.2-191)
Statutes defining or using this term
Related terms in the same statutes
This reference is informational and is not legal advice.