Microenterprise definition

Microenterprise means an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million as defined in Article 1 and Article 2(1) and (3) of the Annex to
Microenterprise means an enterprise which employs fewer than 10 persons and whose annual turnover and/ or annual balance sheet total does not exceed EUR 2 million as defined in Article 1 and Article 2(1) and (3) of the Annex to Recommendation 2003/361/EC as may be amended from time to time;
Microenterprise means an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million;

Examples of Microenterprise in a sentence

  • You will be responsible to demonstrate to our satisfaction that any such transaction was actually unauthorised or incorrectly executed if you are not a Microenterprise or a consumer.

  • Microfinance Development in Kenya: Transforming K-Rep’s Microenterprise Credit Program into a Commercial Bank.

  • If you are not a Microenterprise we will usually tell you two months in advance but we may also implement changes immediately and inform you afterwards.

  • If you are a Microenterprise we will give you two months advance notice.

  • If you are a Microenterprise, or where you are not a Microenterprise and you demonstrate to our satisfaction that there has been an unauthorised transaction out of the Account, we will refund the amount of the unauthorised transaction and will restore the Account to the state it would have been in but for the unauthorised transaction.


More Definitions of Microenterprise

Microenterprise means a sole proprietorship, partnership, or family business with fewer than five employees and capital needs no greater than $35,000.
Microenterprise means an enterprise, which at the time of conclusion of the payment service contract, is an enterprise as defined in Article 1 and Article 2(1) and (3) of the Annex to Recommendation 2003/361/EC;
Microenterprise means a financial entity as defined in Article 2(3) of the Annex to Recommendation 2003/361/EC.
Microenterprise means a business having five or fewer participants, one or more of whom owns the business.
Microenterprise means an enterprise employing less than ten employees and whose annual turnover or its overall annual balance sheet does not exceed 2 million Euro as defined in Article 1 and Article 2(1) and (3) of the Annex to Commission Recommendation of 6 May 2003 concerning the definition of micro, small and medium-sizes enterprises (Recommendation 2003/361/EC)