Pre-Authorized Debit (PAD) definition

Pre-Authorized Debit (PAD) means the method of direct billing employed by the Administrative Agent to collect a member’s share of premium from the member’s bank account each month.
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Pre-Authorized Debit (PAD) means an agreement between a Participant and the Plan Agent to give the Plan Agent permission to withdraw money from their bank account as a one-time and/or recurring pre- authorized debit.
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Pre-Authorized Debit (PAD). "Pre-Authorized Debit (PAD)" means a debit in paper, electronic, or other
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Examples of Pre-Authorized Debit (PAD) in a sentence

  • In Canada this is done by means of an initiation by the Payor of a Pre-Authorized Debit (PAD), according to Payor’s Authorization for Pre-Authorized Debits (Business PADs) Agreement.

  • Once your batch has been submitted and passed through the LDB systems, you will receive the following email notifications: - LDB Cost Details for Direct Sales report listing the supplier cost of products, and applicable GST and metal refillable keg deposits pertaining to the reported sales; and - LDB Pre-Authorized Debit (PAD) Settlement Notification report indicating the amount to be withdrawn from your PAD Account.

  • Tax Arrears Pre-Authorized Debit (PAD) Agreement An agreement between the City and a Taxpayer to arrange for automatic withdrawals from the taxpayer’s bank account for tax arrears.

  • Once your batch has been submitted and passed through the LDB systems, you will receive the following email notifications: • LDB Cost Details for Direct Sales report listing the supplier cost of Product, BC VQA markup reimbursement, commission payments, applicable GST and any refundable deposits pertaining to the reported sales; and • LDB Pre-Authorized Debit (PAD) Settlement Notification report indicating the amount to be withdrawn from your PAD Account.

  • I may obtain a form for a reimbursement claim, a sample cancellation form, or further information on my right to cancel a Pre-Authorized Debit (PAD) Agreement, at my financial institution or by visiting ▇▇▇.▇▇▇▇▇▇.▇▇.

  • You must enter into a payment agreement acceptable to Peace Power, which may include Pre-Authorized Debit (PAD) withdrawals, and your billing statement will advise you when payment will be taken pursuant to that payment agreement.

  • The information the LDB will provide you includes the following: o LDB Cost Details for Direct Sales Report; o LDB Pre-Authorized Debit (PAD) Settlement Notification; and o At the end of each fiscal period you will receive a statement of account summarizing all transactions during that period.

  • Once your batch has been submitted and passed through the LDB systems, you will receive the following email notifications:  LDB Cost Details for Direct Sales report listing the supplier cost of Product, BC VQA markup reimbursement, commission payments, applicable GST and any refundable deposits pertaining to the reported sales; and  LDB Pre-Authorized Debit (PAD) Settlement Notification report indicating the amount to be withdrawn from your PAD Account.

  • This provides you with a summary of all settlement and credit activities from the previous month; • On each batch submission you will receive the following by email: - LDB Cost Details for Direct Sales report listing the supplier cost of Product, BC VQA markup reimbursement, commission payments and applicable GST pertaining to the reported sales; and - LDB Pre-Authorized Debit (PAD) Settlement Notification report indicating the amount to be withdrawn from your PAD Account.

  • If a Pre-Authorized Debit (PAD) or a cheque you give us is not honoured, then you must pay us the service charge we have to pay as a result (currently $10.00), together with our administration charge of $20.00 for a total of $30.00.