Payment Order definition

Payment Order means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if the following apply:

Payment Order means any instruction by a payer or payee to his payment service provider requesting the execution of a payment transaction;

Payment Order means an instruction by a payer or payee to its payment service provider requesting the execution of a payment transaction;

Examples of Payment Order in a sentence

• The Account Holder may cancel the Payment Order by sending an instruction to do so through the Portal.

• A Payment Order is withdrawn pursuant to the procedure specified in the Payment Terms.

• The Account Holder must convert at the rate shown on screen which they need to approve by proceeding with the Payment Order.

• In any event, in case of any outward Payment Transaction which may be considered to be a European Union cross-border payment made in Euro currency, Finductive shall process the Payment Order by no later than the end of the following Business Day on which the Payment Order was placed.

• Where currency conversion has to be effected for a Payment Transaction, the applicable exchange rate shall be available on the Platform itself before the Payment Order is submitted.

More Definitions of Payment Order

Payment Order means an instruction, issued by the Customer to the Bank, requesting the execution of a payment transaction.

Payment Order means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary, provided that (1) the instruction does not state a condition to payment to the beneficiary other than time of payment; (2) the receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from the sender; and (3) the instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.

Payment Order means a credit transfer order, a liquidity transfer order, a direct debit instruction, a PM to T2S DCA liquidity transfer order or a PM to TIPS DCA liquidity transfer order,

Payment Order means an instruction of a sender to a receiving bank, transmitted oral- ly, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or deter- minable amount of money to a beneficiary if:

Payment Order means a credit transfer order, a liquidity transfer order or a direct debit instruction,

Payment Order means an instruction of a sender to a

Payment Order means any instruction by a payer or payee to his payment service provider requesting the execution of a payment transaction, including official transfer orders and remittance summons.