NAEDO definition

NAEDO means the Non-Authenticated Early Debit Order product, incorporating the NAEDO NAC product and/or the NAEDO NDS product both of which are described in more detail in the User Manual and the NuPay Aggregate Limit Acceptance Letter;
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NAEDO means an advanced debit order mechanism which is automatically activated due to non-receipt of the Premium or any other associated fees. NAEDO will deduct funds immediately from the account holders’ bank account when there are funds available and therefore may possibly not be deducted on the nominated date.
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NAEDO means an advanced debit order mechanism which is automatically activated due to non-receipt of the premium or due to a bad payment history. NAEDO will deduct funds immediately from the account holders bank account when there are funds available and therefore may possibly not be deducted on the nominated date.
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Examples of NAEDO in a sentence

  • EFT  NAEDO  The payment instructions so authorised to be issued, must carry a number, which number must be included in the said payment instruction and if provided to me / us should enable me / us to identify the agreement on my / our bank statement.

  • NAEDO is a debit collection system that allows Us to process Your debit closer to Your salary payment date thereby improving the likelihood of a successful debit collection.

  • The Unlimited makes use of NAEDO collections services to ensure that We are able to collect Your Premium and Your cover under the Policy.

  • EFT 🞎 NAEDO 🞎 The payment instructions so authorised to be issued, must carry a number, which number must be included in the said payment instruction and if provided to me / us should enable me / us to identify the agreement on my / our bank statement.

  • FinChoice may use the Non-Authenticated Early Debit Order (NAEDO) system or DebiCheck and may track your bank account to determine whether and when sufficient funds are available.

  • EFT 🞎 NAEDO 🞎 Client reference number: Abbreviated Name: NAEDO TRACKING (Please circle): `1D/ 2D/ 3D/ 4D/ 5D/ 6D/ 7D/ 8D/ 9D/ 10D/ 14D/ 21D/ 32D The payment instructions so authorised to be issued, must carry a number, which number must be included in the said payment instruction and if provided to me / us should enable me / us to identify the agreement on my / our bank statement.

  • A NAEDO (Non-Authenticated Early Debit Order) tracker will be placed on the Applicant’s account in the event there is any money in arrears and the Applicant authorises FUNDI to collect the amount in arrears by way of a NAEDO debit order.

  • NAEDO is a debit collection and tracking system that allows us to process your debit closer to your salary payment date, thereby improving the likelihood of a successful debit collection.

  • A NAEDO (Non-Authenticated Early Debit Order) tracker will be placed on the Applicant’s account in the event there is any money in arrears and the Applicant authorises the Credit Provider to collect the amount in arrears by way of a NAEDO debit order.

  • NAEDO is a debit collection system that allows us to process your debit closer to your salary payment date thereby improving the likelihood of a successful debit collection.