Payment volume definition
Payment volume means the total amount of payment transactions executed by the authorised payment institution in the preceding financial year divided by the number of months in that year.
Payment volume means the total amount of payment transactions that are not related to the issuance of electronic money executed by the authorised electronic money institution in the preceding financial year divided by the number of months in that year.
Payment volume means the average of the preceding 12 months' total amount of monthly payment transactions executed.
Examples of Payment volume in a sentence
Amounts shown in Payment volume of 2008 are results calculated upon the assumption of VAT rate being 17%, and the actual payment shall be calculated in accordance of the then applicable VAT rates in the event of the VAT rate adjustment.
Seller shall pay all royalties due on such gas and shall retain the net proceeds associated with volumes up to the net daily Production Payment volume of 6.375 MMCFD.