DDA (Demand Deposit Account) definition

DDA (Demand Deposit Account) means the commercial checking account at an ACH participating financial institution designated by Company to facilitate payment for Transactions, Chargebacks, returns, adjustments, fees, fines, penalties, assessments and charges from the Payment Networks, Leased Equipment payments and other payments due under the Agreement.

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Examples of DDA (Demand Deposit Account) in a sentence

• RECON (Reconciliation) - application automating bank DDA (Demand Deposit Account) reconciliation.

• RECON (Reconciliation)—application automating bank DDA (Demand Deposit Account) reconciliation.

• RECON* (Reconciliation) - application automating bank DDA (Demand Deposit Account) reconciliation.

• Not for Reproduction or Re-Distribution RECON (Reconciliation) - application automating bank DDA (Demand Deposit Account) reconciliation.