What does it mean 'purchase' in daily purchase limit

In the context of a "daily purchase limit," the term "purchase" refers to any transaction involving the buying of goods or services using a specific payment method, such as a credit card, debit card, or mobile payment system. The daily purchase limit sets a cap on the total amount of money that can be spent through that payment method within a 24-hour period. This limit is often put in place by banks or financial institutions to help manage risk, prevent fraud, and control spending. For example, if your daily purchase limit is $500, you cannot make purchases totaling more than $500 in one day, although you may be able to use your card again the next day.