Green Card

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.

BREAKING DOWN '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. Green Investing

    Investment activities that focus on companies or projects that ...
  2. Visa Card

    A credit, debit or prepaid card branded by Visa, a major payments ...
  3. Green Economics

    Green economic theories encompass a wide range of ideas all dealing ...
  4. Nonresident Alien

    A non-U.S. citizen who doesn't pass the green card test or the ...
  5. Bank Card

    Any card issued against a depositary account, such as an ATM ...
  6. Credit Card

    A card issued by a financial company giving the holder an option ...
Related Articles
  1. Managing Wealth

    What it Takes to Get a Green Card

    Grounds for getting a green card include having family members in the U.S., being a certain type of refugee or specialized worker, or winning a lottery.
  2. Managing Wealth

    How the Green Card Lottery Really Works

    Here's how the popular green card lottery, run by the U.S. State Department, operates, including some tips on improving your odds of winning.
  3. Personal Finance

    Step-by-Step: How To Replace Or Renew Your Green Card

    Replacing or renewing a green card is simple, but tedious.
  4. Retirement

    Expat In America: Visas To Retire In the U.S.

    It isn't easy for non-citizens to retire in the United States unless a family member is already a citizen. But some visas will allow for longer visits
  5. Markets

    5 Hardest Countries to Gain Citizenship

    The United States is one of five countries that put up very high barriers for foreigners to get citizenship. Here's how it compares to the other four.
  6. Markets

    Is it Time to Invest in Green Bonds?

    Green bonds have been growing in popularity at a rapid rate, but is it too early to invest?
  7. ETFs & Mutual Funds

    Challenges Faced When Analyzing Green Chip Stocks

    The fact that a green chip is not yet a blue chip should not alarm investors, but they need to be aware of the differences and challenges that can arise from assuming these are durable companies ...
  8. Markets

    Green Technology: A Solid Investment Choice?

    With global investing in green energy on the rise, there are abundant opportunities for environmentally responsible, financially sound investments.
  9. Markets

    5 Hardest Countries For Getting Citizenship

    Achieving citizenship in certain countries, especially these five, is much harder than you might think.
  10. Markets

    What is a Resident Alien?

    A resident alien is a foreigner who is a permanent resident of the country in which he or she resides but does not have citizenship.
RELATED FAQS
  1. Does investing in sustainable or "green" companies provide lower returns?

    To determine the kinds of returns that can be expected from investments in sustainable or "green" companies, the distinction ... Read Answer >>
  2. I have 3 credit card debts, how can I get them paid off the cheapest way?

  3. What are green investments?

    Green investments are traditional investment vehicles (such as stocks, exchange-traded funds and mutual funds) in which the ... Read Answer >>
  4. What is the difference between a prepaid credit card and a gift card?

    Although prepaid and gift cards are used in the same manner, a prepaid credit card can be used repeatedly, while a gift card ... Read Answer >>
  5. What are the differences between debit cards and credit cards?

    Learn how the major difference between a debit card and a credit card is where the money comes from when a customer makes ... Read Answer >>
  6. What are the pros and cons of digital gift cards (e-gift cards)?

    Examine the pros and cons of gift cards. Learn about protection in case of loss, monitoring spending by teens and wasted ... Read Answer >>
Hot Definitions
  1. Put Option

    An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security ...
  2. Frexit

    Frexit – short for "French exit" – is a French spinoff of the term Brexit, which emerged when the United Kingdom voted to ...
  3. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  4. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  5. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  6. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
Trading Center