Point-Of-Sale Terminal

DEFINITION of 'Point-Of-Sale Terminal'

A type of electronic-transaction terminal. Point-of-sale terminals typically include a computer, a cash register and other equipment or software used to sell goods or services. They also transmit sales data to be posted to customer accounts.

BREAKING DOWN 'Point-Of-Sale Terminal'

The most common type of terminal is the electronic cash register used by volume-transaction merchants such as department stores. Common among all point-of-sale terminals is the emphasis on speed of operation and ease of use of the hardware and software.

Trading Center