Transaction definition

Transaction shall have the meaning specified in Section 1.

Examples of Transaction in a sentence

  • The vendor shall receive a credit for any Transaction Fee paid by the vendor for the purchase of any item(s) if such item(s) are returned to the vendor through no fault, act, or omission of the vendor.

  • For payments within the State accounting system (FLAIR or its successor), the Transaction Fee shall, when possible, be automatically deducted from payments to the vendor.

  • Pursuant to Section 287.057(24), F.S., all payments shall be assessed a Transaction Fee of one percent (1.0%), or as may otherwise be established by law, which the vendor shall pay to the State.

  • Notwithstanding the foregoing, a Transaction Fee is non-refundable when an item is rejected or returned, or declined, due to the vendor’s failure to perform or comply with specifications or requirements of the agreement.

  • Failure to comply with the payment of the Transaction Fees or submission of required reporting of transactions shall constitute grounds for declaring the Vendor in default.


More Definitions of Transaction

Transaction has the meaning set forth in Section 7.01(c) hereof.
Transaction means an action or set of actions occurring between two or more persons relating to the conduct of business, commercial, or governmental affairs.
Transaction has the meaning set forth in the Recitals.
Transaction has the meaning set forth in Section 1 hereof.
Transaction means any sale of products or services, or credit for such, from a Merchant for which the Cardholder makes payment through the use of any Card and which is presented to Bank for collection.
Transaction has the meaning set forth in the recitals to this Agreement.