Account Booked definition
Account Booked means a consumer credit account which meets Direct Merchant Bank's underwriting criteria for approval with a credit line opened greater than Direct Merchant Bank's minimum credit line in effect at time of approval. Account Booked shall not mean an account which is determined to be fraudulent.
Account Booked is a properly established credit card account which meets ABC's credit underwriting and other standard criteria and which is opened as a result of marketing programs developed by CFM and which is reflected on the report furnished to CFM by ABC. Compensation to CFM, if any, with respect to properly established credit card accounts opened shall be determined as agreed to by the parties within sixty (60) days of the date the final statement of compensation to CFM is rendered pursuant to each Schedule.
Examples of Account Booked in a sentence
Direct Merchants Bank will pay to Fingerhut for each Account Booked the fees as specified in Exhibit A.
Subject to the following paragraph, ABC will pay CFM for each credit card "Account Booked".
An "Account Booked" is a properly established credit card account which meets ABC's credit underwriting and other standard criteria and which is opened as a result of marketing programs developed by CFM and which is reflected on the report furnished to CFM by ABC.