Deposit Receivable definition
Deposit Receivable means any monetary obligation, whether or not earned by performance, owed to any Originator, Seller (as assignee of any Originator) or any other Person (as assignee of Seller) by an account debtor arising in connection with any of the Originators’ businesses subject to an arrangement where (x) the related account debtor, prior to acquiring such goods, has elected to deposit with the applicable Originator all or a portion of the outstanding balance of such monetary obligation, (y) such monetary obligation is discounted as a result of such account debtor making the deposit specified in clause (x) above and (z) the applicable Originator is permitted to apply all or a portion of such deposit towards the satisfaction or partial satisfaction of such monetary obligation.
Deposit Receivable. Any indebtedness arising in respect of any obligation of an Obligor to pay a security or other deposit to Originator in respect of the delivery to such Obligor by Originator of any services.
Deposit Receivable means any monetary obligation, whether or not earned by performance, owed to any Seller or any other Person (as assignee of Seller) by an account debtor arising in connection with any of the Seller’s businesses subject to an arrangement where (x) the related account debtor, prior to acquiring such goods, has elected to deposit with the applicable Seller all or a portion of the outstanding balance of such monetary obligation, (y) such monetary obligation is discounted as a result of such account debtor making the deposit specified in clause (x) above and (z) the applicable Seller is permitted to apply all or a portion of such deposit towards the satisfaction or partial satisfaction of such monetary obligation.