Payment Order definition

Payment Order means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if the following apply:

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Payment Order means an instruction by a payer or payee to its payment service provider requesting the execution of a payment transaction;

Payment Order means any instruction by a payer or payee to his payment service provider requesting the execution of a payment transaction;

Examples of Payment Order in a sentence

• If the agreed day is not a Business Day for the 2000Charge, the Payment Order received shall be deemed to have been received on the following Business Day.

• Foreign currency exchange rates are provided to you before the Payment Order is placed.

• If you are initiating a Payment Order and the 2000Charge agrees that execution of the Payment Order shall start on a specific day or at the end of a certain period or on the day on which the Payer has put funds at the 2000Charge’s disposal, the time of receipt is deemed to be the agreed day.

• In cases mentioned in this clause, 2000Charge acts with the aim to protect your legal interests, 2000Charge, and/or other persons, thus, 2000Charge does not undertake the responsibility for losses which may arise due to refusal to execute the submitted Payment Order.

• In case 2000Charge refuses to execute a Payment Order submitted by you, 2000Charge shall immediately notify you thereof, or create the necessary conditions for you to get acquainted with such a notification, except when such notification is technically impossible or forbidden by legal acts.

More Definitions of Payment Order

Payment Order means any instruction by the Payer or the Payee to the payment services provider requesting the execution of a payment transaction.

Payment Order means a valid instruction by the Client to us requesting the execution of a payment transaction.

Payment Order means a credit transfer order, a liquidity transfer order or a direct debit instruction,

Payment Order means a credit transfer order, a liquidity transfer order, a direct debit instruction, a PM to T2S DCA liquidity transfer order or a PM to TIPS DCA liquidity transfer order,

Payment Order means an instruction of a sender to a receiving bank, transmitted

Payment Order means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary, provided that (1) the instruction does not state a condition to payment to the beneficiary other than time of payment; (2) the receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from the sender; and (3) the instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.

Payment Order means an instruction of a sender to a