44-7401. Definitions

In this chapter, unless the context otherwise requires:

1. "Fee" means any amount or value automatically deducted from the amount of the gift card due to a period of nonuse or inactivity.

2. "Gift card" means any gift certificate, gift card or electronic gift card or any other medium issued or sold after October 31, 2005 for which the issuer has received payment for the full face value or full banked dollar value of the card for the future purchase or delivery of goods or services.