Cashback Transaction definition

Cashback Transaction means the retail, online transactions and/or other transactions that RAKBANK defines as eligible from time to time. Only cashback transactions posted by RAKBANK to the Card Account will be considered eligible for the Cashback Anywhere Program. The Billed Amount of the qualifying transaction will be considered for Cashback calculation in the Credit Card Statement that the transaction appears.
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Cashback Transaction means an agreement concluded between You and a Cardholder in terms of which the Cardholder withdraws cash in conjunction with a purchase, using a credit and debit Card;
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Cashback Transaction means a service provided to Cardholders whereby cash is provided with a Card Transaction at the point of sale.
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Examples of Cashback Transaction in a sentence

  • Merchants that allow Cardholders to initiate Cashback Transactions shall transmit in its Transaction message to the point-of-sale network, for each Cashback Transaction initiated at the Merchant’s location, the amount of cash given to the Cardholder pursuant to the Debit Card Transaction.

Related to Cashback Transaction

  • Sale/Leaseback Transaction means an arrangement relating to property owned by the Company or a Restricted Subsidiary on the Issue Date or thereafter acquired by the Company or a Restricted Subsidiary whereby the Company or a Restricted Subsidiary transfers such property to a Person and the Company or a Restricted Subsidiary leases it from such Person.

  • Sale and Leaseback Transaction means any sale or other transfer of Property by any Person with the intent to lease such Property as lessee.

  • Sale and Lease-Back Transaction means any arrangement providing for the leasing by the Issuer or any of its Restricted Subsidiaries of any real or tangible personal property, which property has been or is to be sold or transferred by the Issuer or such Restricted Subsidiary to a third Person in contemplation of such leasing.

  • Sale and Leaseback Transactions means with respect to any Person an arrangement with any bank, insurance company or other lender or investor or to which such lender or investor is a party, providing for the leasing by such Person of any asset of such Person which has been or is being sold or transferred by such Person to such lender or investor or to any Person to whom funds have been or are to be advanced by such lender or investor on the security of such asset.

  • Permitted Sale-Leaseback Transaction has the meaning specified in Section 8.13.