Credit method definition

Credit method means the method of payment where the taxpayer or his authorized agent initiates the transfer of funds from the taxpayer or agent controlled account in a financial institu- tion to the designated Commonwealth bank account to satisfy taxes or fees due.
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Examples of Credit method in a sentence

  • The above authority is to remain in effect until EFT payments are no longer required by statute; until I am notified in writing that the State of Hawaii Department of Taxation has withdrawn its approval for use of the ACH Credit method (if Method III is checked); or, if I am a voluntary participant, until the State of Hawaii Department of Taxation and I mutually agree to terminate my participation in the EFT program.

  • Alternatively, If SIBE chooses the Letter of Credit method of payment to sub contractors then SIBE shall make one payment of $8.25 million in cash and issue $5.5 million of Shares to SAFER (with such Shares to be held in escrow and disbursed as provided in Section 11 of this MOU) at the time of the Manufacturing Deposit.

  • After registering with the Department for the ACH Credit method (by submitting a completed ACH Credit Payment Method Authorization Agreement), please review the ACH Credit Instructions and Guidelines on our website www.ncdor.

  • The past service liability for retiree death benefit protection is valued using the Projected Unit Credit method.

  • The cost of providing defined benefits is determined using the Projected Unit Credit method with actuarial valuations being carried out at each reportingdate.

  • Under the Projected Unit Credit method, the present value of future benefits is equal to the discounted value of the retiree death benefit.

  • After registering with the Department for the ACH Credit method (by submitting a completed ACH Credit Payment Method Authorization Agreement), please review the ACH Credit Instructions and Guidelines on our website www.dornc.

  • If Union cannot provide appropriate billing detail, as per the agreed upon content and format, the Parties will amend this agreement to implement the Reciprocal Compensation Credit method of billing for this traffic.

  • Using the projected Unit Credit method of measuring costs and obligations, the actuarial assessment for the Authority assessed the minimum normal annual contribution to be 13 % in 2006-7 (13% in 2005-6).

  • The method used to determine the liability is the Accrued Benefit method (also know as the Projected Unit Credit method).

Related to Credit method

  • credit meter means a meter where an account is issued subsequent to the consumption of electricity;

  • Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.

  • Equivalent method means any method of sampling and analyzing for an air pollutant that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to have a consistent and quantitatively known relationship to the reference method under specific conditions.

  • Balance Computation Method We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day. Compounding and Crediting: Interest is compounded daily and calculated on a 365/366 day basis. Interest is credited on a monthly basis.

  • Payment Method means, in relation to any sum stated to be payable or paid pursuant to the Agreement, account name, account number, bank name, swift code, bank code and branch code or wallet address, in the case of a sum stated to be payable or paid by cryptocurrency specified by the payee of such sum at least five Business Days prior to the date of payment to the payee and in the case of Coinllectibles to the account notified to the payer from time to time and the payment of the Sale Price to Coinllectibles, which shall be paid by the Purchaser as soon as practicable after each sale of the DOT.