Merchant Rebates definition

Merchant Rebates means the Business Merchant Rebates and the Company Merchant Rebates;
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Examples of Merchant Rebates in a sentence

  • The Merchant Rebate Adjustment is the difference between the value of the Merchant Rebates at 30 June, 2008 as determined for the purpose of calculating the Completion Statements and the actual value of those Merchant Rebates at the Completion Time (which shall be determined by calculating a pro rata adjustment of the value of the Merchant Rebates to the Completion Time).

  • Any dispute as to the basis on which the Merchant Rebate Adjustment has been calculated shall be determined in accordance with Part 3 of Schedule 6 and references in that Schedule to “Completion Statements” shall be to the “Merchant Rebate Adjustment” and to “Completion” to the date on which the final actual payment of Merchant Rebates is made (which shall be within a reasonable period following the Completion Date).

Related to Merchant Rebates

  • Rebates means discounts granted to single Residential Properties valued from R1 and up to R500 000. Residential Sectional Title Properties, guesthouses, old age homes and hostels are excluded. Properties at a R0 value will only start to qualify for a Rebate from the time that it has been valued by the Valuations Department Rebates do not apply to Vacant Land and Non-Residential Properties.

  • Chargebacks means all credits, chargebacks, reimbursements, administrative fees and other financial obligations to wholesalers and other distributors, group purchasing organizations, insurers, Governmental Entity and other institutions related to the Product.

  • Merchant means a company, firm or other organisation accepting either all Cards as a means of payment for goods and/or services or at least one type of Card for business to business transactions.

  • Merchant Services means services provided to merchants relating to the authorization, transaction capture, settlement, chargeback handling and internet-based transaction processing of credit, debit, stored-value and loyalty card and other payment transactions (including provision of point of service devices and other equipment necessary to capture merchant transactions and other ancillary services).

  • Billing involves the provision of appropriate usage data by one Telecommunications Carrier to another to facilitate Customer Billing with attendant acknowledgments and status reports. It also involves the exchange of information between Telecommunications Carriers to process claims and adjustments.