Utility Bill Payments definition
Utility Bill Payments means utility bill payments including made to a Utility Company through RAKBANK payment channels such as phone banking, Digital Banking, ATM or any other RAKBANK payment channel.
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Related to Utility Bill Payments
Bill Payment is the online service that enables the scheduling of bill payments using a personal computer;
Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.
Utility Charges Defined in Section 9.A hereof.
Electricity Charges means service charges in respect of the provision of electricity.
Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.