Acquiring definition

Acquiring is defined in the Recitals to this Agreement.
Acquiring means the capture and onward transmission of Card Network transactions in order to effect payment between Card Network cardholders and Merchants, including authorizing transactions, providing for clearing and settlement, facilitating the crediting of merchants’ accounts with the proceeds of such transactions, and chargeback and retrieval processing in connection with the foregoing. Acquiring also includes providing all or some of the foregoing services as an agent or licensee for other card programs.
Acquiring means a payment service of enabling the making of payment transactions by means of a Customer’s payment instrument, originated through the agency of an Intermediary Institution, consisting in particular in the handling of the authorization process, transmission of payment orders to the Intermediary Institution and the topping up of the Customer’s electronic wallet.

Examples of Acquiring in a sentence

  • In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not completed, the Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement) and such Assignment or Election to Purchase will not be honored.

  • Acquired Fund will not recognize gain or loss upon the distribution to its shareholders of the Acquiring Fund Shares received by Acquired Fund in the Reorganization.

  • The Acquired Fund Shareholders will recognize no gain or loss upon receiving Acquiring Fund Shares solely in exchange for Acquired Fund Shares.

  • Upon a reasonable request by an Acquired Fund, the Acquiring Fund will provide summary information regarding the anticipated timeline of its investment in the Acquired Fund and the scale of its contemplated investments in the Acquired Fund.

  • The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement).


More Definitions of Acquiring

Acquiring means hiring, accepting as a gift and borrowing; “ammunition” means—
Acquiring used as verbs shall have correlative meanings.
Acquiring means hiring, accepting as a gift and borrowing, and the expression “acquire” and “acquisition” shall be construed accordingly;
Acquiring and “Acquired” have meanings correlative thereto.
Acquiring shall exclude acquisition, acquire, or acquiring by way of an allotment or issue of Units.
Acquiring means the capture of Transactions and the routing of Transactions for Authorisation, Clearing and Settlement of funds in accordance with the Card Scheme Rules (and “Acquirer” shall be construed accordingly);
Acquiring beneficial ownership" (as such term is used in Rule 13d-3 under the Act), directly or indirectly, of securities of the Bank representing fifty percent (50%) or more of the combined voting power of the Bank's then outstanding voting securities (the "Voting Power"), but excluding for this purpose an acquisition by the Bank or an "affiliate" (as defined in Rule 12b-2 under the Act) or by an employee benefit plan of the Bank or of an affiliate.