Remittance Transaction definition
Remittance Transaction means the remittance or transfer of funds made pursuant to each Remittance Request into a Beneficiary's Bank Account.
Remittance Transaction means a transaction in terms of which there is a transfer of a Remittance to an Active Employee in accordance with the payment instruction configured by the Client on the Radar System;
Remittance Transaction. (匯款交易) means a service falling within paragraph (a) of the definition of "remittance agent".
Examples of Remittance Transaction in a sentence
Notwith- standing any other provision of this agreement or a Transaction Agreement, our liability to you in relation to a Remittance Transaction is limited to, and must not exceed, the amount of Funds.
This means that in the event of a non-executed or incorrectly executed International Remittance Transaction, AFS will refund an amount not exceeding the actual Transaction value to the User and limited to the extent the Transaction was not executed or it was incorrectly executed.
More Definitions of Remittance Transaction
Remittance Transaction means the act of making inflow of foreign currency, specified by Rastra Bank, into Nepal through banking system and making payment to beneficiary, without having the need for refund abroad.
Remittance Transaction. (匯款交易) means a service falling within paragraph (a) of the definition of "remittance agent". (Part IVA added 8 of 2000 s. 2)
Remittance Transaction means a transaction in terms of which there is a transfer of a Remittance to an Active Employee in accordance with the payment instruction configured by the Client on the Radar System;
Remittance Transaction means the transfer of funds made pursuant to each Remittance Request into the specified account maintained by the Beneficiary with the Beneficiary’s Bank.