Preauthorized definition
Examples of Preauthorized in a sentence
The Fund will execute all documentation required by the Custodian, including a separate Preauthorized Repetitive Payment Order (PPO) form.
Examples of these transfers include, but are not limited to: • Preauthorized credits.
Preauthorized electronic funds transfers may be made into or from your Credit Union accounts.
Liability for Failure to Stop Payment of Preauthorized Transfers.
The Client acknowledges that prior to the issuance of any repetitive payment order, an Authorized Person must (a) request that BBH approve and set-up an appropriate repetitive payment order, and (b) complete such documentation as BBH may require, including a separate Preauthorized Repetitive Payment Order (PPO) form.
You agree that we may terminate this Agreement and your use of the ATM Card or POS services, if: Preauthorized Electronic Fund Transfers.
Liability of Bank for Failure to Stop Payment of Preauthorized Transfer If you order us to stop one of these payments 3 business days or more before the transfer is scheduled, and we do not do so, we will be liable for your losses or damages.
Fail To Stop a Preauthorized Transfer If you order us to stop one of these payments three (3) business days or more before the payment is scheduled and provide us with all information requested, and we do not do so, we will be liable for your losses or damages proximately caused by the failure.
You must provide us with (a) your name, (b) your Account number, (c) the company or person taking the payments, and (d) the date and amount of the Preauthorized Transfer you wish to stop.
Examples of these transfers include, but are not limited to: Preauthorized credits.