Non-Recurring Payments definition
Non-Recurring Payments shall have the meaning set forth in the definition of General Account.”
Non-Recurring Payments means any checks, credit card payments, ACH transfers or other payments that are sent to a general account of the Sponsor or third parties engaged by the Sponsor to perform billing and collection services.
Examples of Non-Recurring Payments in a sentence
For Non-Recurring Payments, the date on which a payment is scheduled to be paid is the “Payment Date.” For Recurring Payments, the date on which a payment is scheduled to be paid is the “Recurring Payment Date.” If a Payment Date or a Recurring Payment Date does not exist in a certain month, the Payment Date will default to the previous Business Day.