Third Party Payment definition

Third Party Payment means payment through an instrument issued from a bank account other than that of the beneficiary investor. In case of payments from a joint bank account, the first named investor/holder of the mutual fund folio has to be one of the joint holders of the bank account from which payment is made.
Third Party Payment means payment made through an instrument issued from a bank account other than that of the first named applicant/ investor mentioned in the application form. In case of payment instruments issued from a joint bank account, the first named applicant/ investor must be one of the joint holders of the bank account from which the payment instrument is issued to consider the payment as a non- Third Party Payment.
Third Party Payment means a payment made through instruments issued from a bank account other than that of bank account of first named applicant/investor or a joint bank account where the first named unit holder/investor is not one of the joint holders of bank account from which payment is made.

Examples of Third Party Payment in a sentence

  • Third Party Payment is defined as a payment by a financial agent, including but not limited to self-insured plans, commercial/private insurance plans, Medicare, Medicaid, or other parties that are, by statute, contract, or agreement, legally responsible for payment of a claim for a health care item or service.

  • Purchases, Commissions, and Payment Use of Third Party Payment Processor.


More Definitions of Third Party Payment

Third Party Payment has the meaning set forth in Section 5.4(c).
Third Party Payment means payment from any source other than Medicaid, Medicare, or the Medicaid and Medicare beneficiary.
Third Party Payment shall have the meaning set forth in Section 11.2(d).
Third Party Payment means payment made through an instrument issued from a bank account other than that of the first named applicant/ investor mentioned in the application
Third Party Payment means a payment made through instruments issued from a bank account other than that of bank account of first named applicant/investor or
Third Party Payment means payment made through an instrument issued from a bank account other than that of the first named applicant / investor mentioned in the application form. In case of payment instruments issued from a joint bank account, the first named applicant / investor must be one of the joint holders of the bank account from which the payment instrument is issued. Investors submitting their applications through the above mentioned ‘exceptional cases’ are required to comply with the following, without which applications for subscriptions for units will be rejected / not processed / refunded.
Third Party Payment means performance of a duty, promise, or obligation, or discharge of a debt or liability, by the delivery, provision, or transfer of third-party benefits for medical services.