Virtual Transaction definition

Virtual Transaction means a Decrement Bid, Increment Offer and/or Up-to Congestion Transaction. “Virtual Transaction Screening” shall be the process of reviewing the Virtual Credit Exposure of submitted Virtual Transactions against the Credit Available for Virtual Transactions. If the credit required is greater than credit available, then the Virtual Transactions will not be accepted.

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Virtual Transaction means a Decrement Bid, Increment Offer and/or Up-to Congestion Transaction.

Virtual Transaction or “Virtual Transactions” means the purchase of goods and/or services over the Internet by the Customer from You, whether the Transaction is facilitated by an Aggregator or not, for which Authorisation has been obtained, or the purchase of goods and / or services using the FNB Banking App;

Examples of Virtual Transaction in a sentence

Such message will be construed as being a guarantee given by the Merchant that such goods and/or services have been dispatched and will constitute an instruction to VPS to process the Virtual Transaction.
Failure to comply with any or all of the requirements set out above will render the Virtual Transaction to be invalid.
Each Customer that bids into the Day-Ahead Market, including each Customer that submits a Bid for a Virtual Transaction, and has a schedule accepted by the ISO to purchase Energy in the Day-Ahead Market will pay the product of: (a) the Day-Ahead hourly Zonal LBMP at each Point of Withdrawal; and (b) the scheduled Energy at each Point of Withdrawal.
We provide expert Virtual Transaction Coordinator services and go dead and beyond expectations by ensuring the transaction file is compliant and understanding time kiss of youth essence.
Each LSE that bids into the Day-Ahead Market, including each Customer that submits a Bid for a Virtual Transaction, and has a schedule accepted by the ISO to purchase Energy in the Day-Ahead Market will pay the product of: (a) the Day-Ahead hourly Zonal LBMP at each Point of Withdrawal; and (b) the scheduled Energy at each Point of Withdrawal.
Each Customer that submits a Virtual Transaction bid into the ISO Day-Ahead Market and has a schedule accepted by the ISO to sell Energy in a Load Zone in the Day-Ahead Market will receive a payment equal to the product of (a) the Day-Ahead hourly zonal LBMP for that Load Zone; and (b) the hourly scheduled Energy for the Customer in that Load Zone.

More Definitions of Virtual Transaction

Virtual Transaction means the purchase of goods and/or services from the merchant by the Cardholder via the Internet;

Virtual Transaction means a Decrement Bid, Increment Offer and/or Up-to Congestion

Virtual Transaction means the purchase of goods and/or services from the merchant by the Cardholder