RCRR definition
Examples of RCRR in a sentence
You understand that a hold is placed on Your pending Round-ups (meaning that such funds will not be withdrawable or spendable) within Your RHY spending account, but they are immediately accessible if You pause RCRR within the Robinhood app or website.
You authorize RHC, Robinhood Markets, Inc., RHY, and RHS to share information related to your Round-ups and Rewards with each other as is helpful to effectuate any transfers and transactions in connection with RCRR.
You understand that if You select a new cryptocurrency to invest in with RCRR or a security in connection with Robinhood Stock Round-ups Rewards (“RSRR”), You will no longer have active recurring investments in connection with previous RCRR recurring selections, and You will need to re-enroll in RCRR and select a new cryptocurrency.
Your access to RCRR may be terminated at any time, for any reason, with or without notice to You.
If You enroll in RCRR and meet the eligibility requirements as provided for in this Agreement, You will be eligible to receive a weekly Reward for each week in which such purchases are made, subject to the limitations in this Agreement.
To be eligible for RCRR, You must have an RHY spending account in good standing that is not restricted and the Robinhood Cash Card (“Card”), and use the Card to make Eligible Purchases with any merchant, business, or organization that accepts the Card as a method of payment with an eligible MCC code and that isn’t a cash-equivalent (including but not limited to cash transfers, peer-to-peer transfers, traveler checks, foreign currency, money orders, wire transfers, gift cards) or gambling transaction.
You also understand by pausing Your participation in RCRR, You are terminating Your participation in the Service and that You must re-enroll in order to participate in RCRR.
You agree and authorize RHC to decline to execute RCRR orders, or if an RCRR order has been placed, rescind in whole or in part such RCRR order, to the extent that RHC or an affiliate of RHC believes or reasonably suspects that there has been fraud, illegal activity, or unauthorized use in connection with RCRR or transactions related to RCRR, such as Your transactions in Your RHY spending account.
The weekly amount of the Reward is randomized and will be distributed in accordance with the distribution table below across any given week for each RCRR customer.
However, all transmission Capacity not associated with ETAs or outstanding TCCs or not reserved through conversion of ETCNL to ETCNL TCCs or RCRRs to RCRR TCCs must be available to support TCCs of some duration sold in the Centralized TCC Auction.