Debit order definition

Debit order means (at our choice) a standard debit order or an early debit order whereby we instruct your bank to deduct an amount from your bank account and to pay that amount directly over to us on your behalf. The amount deducted will vary every month depending on your monthly instalment and may include any other amounts that may be due to us, from time to time, but will never exceed what is due and payable;
Debit order means (at our choice) a standard debit order, an early debit order to the extent permissible, or a DebiCheck debit order, whereby we instruct your bank to deduct an amount from your bank account and to pay that amount directly over to us on your behalf;
Debit order means any debit order including, but not limited to, any of the following: authenticated early debit order (AEDO), non- authenticated early debit order (NAEDO) or DebiCheck;

Examples of Debit order in a sentence

  • The preferred methods of payment of Fees are: – Debit order arranged by the Responsible Person with the school bursar.


More Definitions of Debit order

Debit order means the process whereby the Merchant, in terms of the Debit Order Form, instructs and authorises its Nominated Bank to deduct a fixed or varied amount due by the Merchant from the Merchant's Nominated Bank Account on a weekly basis;
Debit order means an order by a member of the exchange, who is the seller under the exchange transaction, for the performance of the obligation to transfer securities arising from the sales transaction (transfer obligation). Upon the determination of settlement amounts, a debit order shall be treated as a financial claim of the administrator of the securities account to be debited and the amount of the claim is expressed in Euro as the number of the securities shown in the order multiplied by the price of the securities.”
Debit order includes an instruction to any financial institution or credit/debit card company to effect payment to Sleek Accounting from the financial institution account of the Main User; If any term or this Agreement is deemed pro non-scripto or invalid and non-binding by any reason whatsoever, the accord embodied herein or the remaining provisions of this Agreement will remain in force and effect as an agreement between the Parties who will all be bound to it until the invalidation is corrected; This Agreement shall be binding on and enforceable by the estates, administrators, assigns, liquidators, curators or other legal representatives of the Parties as fully and effectually as if they had signed this Agreement in the first instance and reference to any Party shall be deemed to include such Party's estate, administrators, assigns, liquidators, curators or other legal representatives, as the case may be; The rule that an ambiguous provision or intention will be interpreted against the Party responsible for the drafting of the Agreement and any similar rules of interpretation shall not apply to this Agreement and the Parties waive any rights they have to rely on such rule; Any provision of this Agreement that contemplates performance or observance subsequent to any termination or expiration of this Agreement shall survive any termination or expiration of this Agreement and continue in full force and effect for the Restricted Period; If any provision in a Definition or Stipulation is a substantive provision that confers rights or impose obligations on any Party, effect shall be given to it as if it were contained as a substantive stipulation in the remaining body of this Agreement;
Debit order mean a reliable and convenient banking service whereby the User is able to pay MOTRACK monthly by giving MOTRACK authority to do so, as indicated in this document and elsewhere
Debit order means a standard EFT debit order we instruct your bank to deduct an amount from your bank account and to pay that amount directly over to us on your behalf. The amount deducted will vary every month depending on your monthly instalment and may include any other amounts that may be due to us, from time to time in terms of this Agreement;
Debit order means an agreement or mandate that you provide to a third party, such as your service provider, or a representative of your service provider, to collect money from your bank account.