Business purpose transaction means a transaction from which the resulting proceeds that a business receives are:
Business purpose transaction means any transaction in which
Business purpose transaction means a transaction the proceeds
More Definitions of Business purpose transaction
Business purpose transaction means any transaction
Business purpose transaction means any transaction in which the proceeds resulting therefrom are provided to a business or are intended to be used to carry on a business and are not for personal, family or household purposes. A provider may rely on any written statement of intended purpose signed by a business to determine whether such transaction is a "business purpose transaction". Such written statement may be a separate statement or may be contained in an application, agreement or other document signed by such business or the owner of such business.
Business purpose transaction means any transaction in which the proceeds resulting therefrom are provided to a business or are intended to be used to carry on a business and are not for personal, family or household purposes.