Virginia legal term
Closed-loop gift card in Virginia Criminal Law
Current through 2026 Virginia legislative session
In Virginia criminal law, “Closed-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 “Closed-loop gift card” mean in Virginia criminal law?
"Closed-loop gift card" means a card, code, or device that is issued to a consumer on a prepaid basis in a specified amount, regardless of whether that amount may be increased or reloaded in exchange for payment, and is redeemable upon presentation by a consumer at a single merchant or group of affiliated merchants. (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.