Accounts receivable purchase transaction means a transaction in which a business
Accounts receivable purchase transaction means a transaction in which a business forwards or otherwise sells to a person all or a portion of the business’s accounts or payment intangibles, as those terms are defined in s. 679.1021, F.S., at a discount to the expected value of the account or payment intangibles. For purposes of this part, the provider’s characterization of an accounts receivable purchase transaction as a purchase is conclusive that the accounts receivable purchase transaction is not a loan or a transaction for the use, forbearance, or detention of money.
Accounts receivable purchase transaction means a transaction in which a business forwards or otherwise sells to a person all or a portion of the business's accounts, as defined in Section 70A-9a-102, or payment intangibles, as defined in Section 70A-9a-102, at a discount to the accounts' or payment intangibles' expected value.
Examples of Accounts receivable purchase transaction in a sentence
Rights to payment for moneys or funds advanced or sold, other than rights arising out of the use of7 a credit or charge card or information contained on or for use with the card;8 (2) "Accounts receivable purchase transaction", any transaction in which the business forwards or9 otherwise sells to the provider all or a portion of the business's accounts or payment intangibles at a discount10 to their expected value.
More Definitions of Accounts receivable purchase transaction
Accounts receivable purchase transaction means a transaction as part of an agreement requiring a recipient to forward or otherwise sell to the provider all or a portion of accounts, payment intangibles, or cash receipts that are owed to the recipient or are collected by the recipient during a specified period or in a specified amount.
Accounts receivable purchase transaction. (ARPT) means a transaction in which a business forwards or otherwise sells to a person all or a portion of the business’ accounts, as defined in s.
Accounts receivable purchase transaction means any transaction
Accounts receivable purchase transaction means a transaction in which a business forwards or sells to a person all or a portion of the business’s cash receipts, accounts, or payment intangibles at a discount to the expected value of the cash receipts, accounts, or payment intangibles. As used in this item, the terms “accounts” and “payment intangibles” have the same meanings as provided in section 36‑9‑102. The provider’s characterization of an accounts receivable purchase transaction as a purchase is conclusive that the accounts receivable purchase transaction is not a loan or a transaction for the use, forbearance, or detention of money.
Accounts receivable purchase transaction means any transaction in which a business forwards or otherwise sells to a provider all or a portion of accounts of such business, cash receipts or payment intangibles at a discount to the expected value of such accounts or payment intangibles. The provider's characterization of an accounts receivable purchase transaction as a purchase shall be conclusive that such accounts receivable purchase transaction is not a loan or a transaction for the use, forbearance or detention of money.
Accounts receivable purchase transaction means a transaction in