Settled Account definition
Settled Account means any Account with respect to which, as of the Cut-Off Time, Seller has made a collection settlement offer to the Account Debtor which settlement offer has been fully paid and regardless of whether there remains a deficiency balance as of such date.
Examples of Settled Account in a sentence
In the case of Individually Billed and Individually Settled Account, We will debit to the Account all Transactions made by the Cardmember.