electronic money means electronically stored monetary value as represented by a claim against us.
electronic money means electronic money as defined in point (2) of Article 2 of Directive 2009/110/EC, but excluding monetary value as referred to in Article 1(4) and (5) of that Directive;" ;
electronic money means electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making Payment Transactions, and which is accepted by a natural or legal person other than the electronic money issuer.
Examples of electronic money in a sentence
No interest will be paid by Xxxxxxxx to the Client in respect of any funds received from the Client with respect to the Services including Initial Margin and Variation Margin or in return for the issuance of Electronic Money.
More Definitions of electronic money
electronic money means money in an electronic form.
electronic money means electronic money as defined in point (2) of Article 2 of Directive 2009/110/EC;
electronic money means electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making payment transactions as defined in point 5 of Article 4 of Directive 2007/64/EC, and which is accepted by a natural or legal person other than the electronic money issuer;
electronic money. Means the monetary value available at a time T and representing a debt payable by the Issuer to the User. Electronic Money is issued by the Issuer in exchange for the User’s delivery of the corresponding funds and constitutes a mean of payment exclusively accepted by the Beneficiaries. The Issuer stores the e-money on its server in an Account opened for this purpose.
electronic money means electronically stored monetary value as represented by a claim against us. “Regulations” means the Payment Services Regulations 2017 (SI 2017 No. 752).