electronic money definition

electronic money means electronically stored monetary value as represented by a claim against us.
electronic money means electronic money as defined in point (2) of Article 2 of Directive 2009/110/EC, but excluding monetary value as referred to in Article 1(4) and (5) of that Directive;" ;
electronic money means electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making Payment Transactions, and which is accepted by a natural or legal person other than the electronic money issuer.

Examples of electronic money in a sentence

  • It is important for you to note that, in order to open an Account, you must also have a Revolut Electronic Money Account, as the funds deposited in your Revolut Electronic Money Account will be used to pay for your Orders.

  • You acknowledge and agree that we have the right to procure a deduction of value from your Revolut Electronic Money Account so as to effect payment for your Orders if we need to.

  • Any fees charged in connection with your Trades will be debited from your Revolut Electronic Money Account and paid to the Third Party Broker once your Orders have been executed or transmitted for execution by the Third Party Broker.

  • The fee will be deducted from your Revolut Electronic Money Account.

  • An example of when an Order might be rejected is when you do not have sufficient funds in your Revolut Electronic Money Account to pay for that Order, or if the acceptance of an Order would breach a limit that we have placed on your Account.


More Definitions of electronic money

electronic money means monetary value as represented by a claim on the issuer which is –
electronic money means money in an electronic form.
electronic money means electronic money as defined in point (2) of Article 2 of Directive 2009/110/EC;
electronic money means electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making payment transactions as defined in point 5 of Article 4 of Directive 2007/64/EC, and which is accepted by a natural or legal person other than the electronic money issuer;
electronic money means monetary value as represented by a claim on the issuer which is:
electronic money. Means the monetary value available at a time T and representing a debt payable by the Issuer to the User. Electronic Money is issued by the Issuer in exchange for the User’s delivery of the corresponding funds and constitutes a mean of payment exclusively accepted by the Beneficiaries. The Issuer stores the e-money on its server in an Account opened for this purpose.
electronic money means electronically stored monetary value as represented by a claim against us. “Regulations” means the Payment Services Regulations 2017 (SI 2017 No. 752).