Green Card

AAA

DEFINITION of 'Green Card'

A permit issued by U.S. Citizenship and Immigration Services that allows individuals to live and work in the United States on a permanent basis. "Green card" is an informal term for a United States Permanent Resident Card. The identification cards were green from 1946 until 1964; the green color returned in May 2010. Permanent residents of the United States who are 18 years old or older are required to carry a green card at all times to avoid being in violation of Section 264(e) of the Immigration and Nationality Act.

INVESTOPEDIA EXPLAINS 'Green Card'

Individuals can be eligible for green card status through family, a job, refugee or asylee status, or through a variety of special adjustment programs. The Diversity Immigrant Visa Program makes a certain number of diversity visas available each year. This "green card lottery" selects individuals to become permanent residents of the United States out of a pool of more than 10 million applicants. The applicants are not required to possess any special skills or be sponsored by family members; instead, each must come from a country that has low rates of immigration to the United States. No single country can win more than 7% of the total number of visas.

RELATED TERMS
  1. Exit Visa

    A government-issued document granting an individual permission ...
  2. Commercial Visa

    A government-issued document that allows noncitizens to enter ...
  3. Student Visa

    A special endorsement that is added to a passport that governments ...
  4. Alien

    Any person who is not a citizen of the country in which he or ...
  5. Resident Alien

    A foreigner who is a permanent resident of the country in which ...
  6. Civil Rights Act of 1964

    Landmark federal legislation that prohibits discrimination on ...
Related Articles
  1. Economics

    The Economics Of Labor Mobility

    Loosening labor restrictions has both good and bad effects for a country and its workers.
  2. Economics

    Globalization: Progress Or Profiteering?

    Proponents of globalization argue that it helps the economies of developing nations and makes goods cheaper, while critics say that globalization reduces domestic jobs and exploits foreign workers. ...
  3. Personal Finance

    Demographic Trends And The Implications For Investment

    See how people's movements, ages, deaths and buying patterns affect portfolios worldwide.
  4. Taxes

    Tax Rules For Resident And Nonresident Aliens

    This article examines the definition and tax treatment of these types of non-U.S. citizens.
  5. Professionals

    What should I consider financially when choosing to work abroad?

    Globalization has made working abroad an option for many skilled workers, and the benefits of working abroad can be very enticing. However, bringing money back home from a different country is ...
  6. You may owe money, but you still have rights. There's a long list of things debt collectors are banned from doing to you. Know what's illegal.
    Credit & Loans

    5 Things Debt Collectors Can't Do To You

    You may owe money, but you still have rights. There's a long list of things debt collectors are banned from doing to you. Know what's illegal.
  7. Sounds like a bad horror movie, but it really could happen to you. Here's how to identify zombie debt and send collectors back to the dead-debt graveyard.
    Credit & Loans

    How To Beat Off A Zombie Debt Collector

    Sounds like a bad horror movie, but it really could happen to you. Here's how to identify zombie debt and send collectors back to the dead-debt graveyard.
  8. Understanding how the debt collection business works will give you a better chance of coming out ahead if you ever have to tangle with a collection agent.
    Credit & Loans

    Inside Secrets Of The Debt Collection Business

    Understanding how the debt collection business works will give you a better chance of coming out ahead if you ever have to tangle with a collection agent.
  9. Investigate these expat havens if you seek a developed country with low barriers for getting a permanent resident visa – sometimes even citizenship.
    Personal Finance

    5 Developed Countries That Welcome Expats

    Investigate these expat havens if you seek a developed country with low barriers for getting a permanent resident visa – sometimes even citizenship.
  10. Two years into his first term, Mexican President Enrique Peña Nieto is following through on radical campaign promises he made to Mexican citizens for sweeping multi-industry reform.
    Investing News

    Mexicans Unsure about Mexican Reforms

    Two years into his first term, Mexican President Enrique Peña Nieto is following through on radical campaign promises he made to Mexican citizens for sweeping multi-industry reform.

You May Also Like

Hot Definitions
  1. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  2. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  3. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  4. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
  5. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents ...
  6. Free Carrier - FCA

    A trade term requiring the seller to deliver goods to a named airport, terminal, or other place where the carrier operates. ...
Trading Center