Bulk Payment definition

Bulk Payment subject to an application being approved under clause 3 a payment by way of a batch of simultaneous payments which will be shown on your Account(s) as one debit;
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Bulk Payment means make multiple payments to multiple beneficiaries (e.g. salary payment).
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Bulk Payment means a kind of payment which allows User to upload a bulk payment file into internet banking for large number of funds transfer with a single instruction.
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Examples of Bulk Payment in a sentence

  • As these multiple disbursals are treated as individual transactions, hence the Bulk Payment option provides the customer to make a single payment across for multiple payments.

  • The Bulk Payment Preferences screen can be used for maintaining the priority for auto as well as manual liquidation of bulk payments.

  • Example of a Low Value/High Bulk Payment: Atkins Hardware has a 500-gallon kerosene tank with a remaining content of 100 gallons.

  • A Bulk Payment is subject to the limit of the Bulk Payment to be paid from the Account (the Bulk Payment Limit) and the period within which the Bulk Payment Limit applies as determined by the Bank.

  • A scheduled payment (which includes a Bulk Payment, payment with respect to the Payroll Processing Service, a standing Instruction and any other payment instructed to be executed at a particular time) may not be able to be made if: اــقفو ةدــبكتم وأ ةــعوفدم غــلابم يأــب قــلعتي اــميف باــسحلا نــم مــصخلا .Î و ؛ تاــميلعت يلأ تاــميلعت يأ ســكع وأ / و تاودلأا نــم اــهريغ وأ تاكيــشلا عاــجرإ وأ ضــفر .

  • The Customer shall ensure that there are sufficient funds in the Account to complete a transfer, payment or other transaction (a Transaction) with regards to a scheduled payment (which includes a Bulk Payment, payment with respect to the Payroll Processing Service, a standing Instruction and any other payment instructed to be executed at a particular time).

  • Linking with your Accounts Payable or ERP System, the Multicurrency (MCY) Bulk Payment Upload facility allows you to upload via iBB, in a single file, payment instructions and remittance data going to beneficiaries in the SEPA zone (including Ireland) and worldwide.

  • A Bulk Payment file may be recalled by providing the Bank with an Instruction stating the amount, file reference, reasons and duly signed by the Customer Signatory and provided that such Instruction is submitted within the time spec- ified by the Bank.

  • If indicated at the Loans/Commitments level that bulk payments need to be maintained for an account, then preferences for the bulk payments are maintained at the Bulk Payment Preferences screen.

  • The Bulk Payment Limit may be in- creased upon request by the Customer or any User and subject to the approval by the Bank.


More Definitions of Bulk Payment

Bulk Payment shall have the meaning set forth in Section 4(A)(iii).
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Related to Bulk Payment

  • Bill Payment is the online service that enables the scheduling of bill payments using a personal computer;

  • Delta Payment means as it is described in this Agreement.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Interim Payment has the meaning specified in Section 10.1.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Final Price means (a) in the case of any Terminated Obligation, the amount determined pursuant to Clause 4, and (b) in the case of any Repaid Obligation, the amount determined pursuant to Clause 5, and

  • Full Payment or “Full Payment of the Obligations” means, with respect to any Obligations (other than contingent indemnification obligations or other contingent obligation for which no claim has been made or asserted, Hedge Obligations not then due and payable, if any, and Cash Management Obligations not then due and payable, if any), (a) the full cash payment thereof, including any interest, fees and other charges accruing during an Insolvency Proceeding (whether or not allowed in the proceeding) and (b) the termination or expiration of all Term Loan Commitments.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Tariff Payment means the payments to be made under Monthly Bills as referred to in Article 10 and the relevant Supplementary Bills;

  • Shortfall Payment has the meaning specified in Section 3.7.

  • Capacity Payment means a payment to a capacity provider under these Regulations for its commitment to meet a capacity obligation during a delivery year;

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Partial Payment means any payment by Borrower, other than a voluntary prepayment permitted under the Note, which is less than a full outstanding Periodic Payment.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Harvest batch means a specifically identified quantity of dried flower or trim, leaves, and other cannabis plant matter that is uniform in strain, harvested at the same time, and, if applicable, cultivated using the same pesticides and other agricultural chemicals, and harvested at the same time.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Initial Payment means the dollar amount specified as the “Initial Payment” in the applicable Purchase Agreement.

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • Transfer Payment Either or both of a Transfer Payment Made or a Transfer Payment Received.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Installment sale contract or "contract" means an agreement for the retail sale of a motor vehicle, or that has a similar purpose or effect, under which part or all of the price is payable in 2 or more scheduled payments subsequent to the making of the agreement or under which the obligor undertakes to make 2 or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in the motor vehicle or has taken collateral security for the buyer's obligation, and any extension, deferment, renewal, or other revision of that agreement. The terms include a loan, mortgage, conditional sale contract, purchase-money chattel mortgage, hire-purchase agreement, or

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.