"Fraudulent purchases" refers to unauthorized or dishonest transactions where someone makes a purchase using someone else's information without their knowledge or permission. Full definition
If your credit or debit card is lost or stolen, and you report the loss promptly, you may not be responsible for fraudulent purchases made with your card. (bankofamerica.com)
In the event that hackers got their hands on sensitive transaction information, they wouldn't be able to make fraudulent purchases with stolen credit card data. (mybanktracker.com)
You also get the peace of mind in knowing that you are not responsible for fraudulent purchases with their $ 0 Liability Guarantee. (lendedu.com)