Definitions.

1. Law
2. Oklahoma Statutes
3. Contracts
4. Definitions.

As used in the Gift Certificate and Gift Card Disclosure Act:

1. “Gift card” shall mean a plastic card or other electronic payment device which is:

• a.issued in a predenominated amount or in an amount requested by the consumer,
• b.usable to purchase goods and/or services only at a single merchant or group of merchants that are affiliated through common corporate ownership or control, and
• c.purchased by a consumer on a prepaid basis in exchange for payment;

2. “Gift certificate” shall mean a written promise which is:

• a.issued in a specified amount, indicated on its face, and cannot be increased in value,
• b.usable to purchase goods and/or services only at a single merchant or a group of merchants that are affiliated through common corporate ownership or control, and
• c.purchased by a consumer on a prepaid basis in exchange for payment;

3. “Issuer” shall mean a person or entity engaged in the business of offering goods and/or services for sale at retail who sells gift certificates or gift cards to consumers; and

4. “Prepaid service arrangement” shall mean a method to purchase specific services in advance and which enables the use of the service through a unique access number or authorization code provided manually or electronically to the service provider.

Added by Laws 2005, c. 233, § 2, eff. Nov. 1, 2005. Amended by Laws 2006, c. 59, § 1, eff. Nov. 1, 2006.

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