Mistaken Payment definition

Mistaken Payment means an NPP Payment, made by a payer who is a ‘user’ for the purposes of the ePayments Code, which is erroneously credited to the wrong account because of the payer’s error
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Mistaken Payment means a payment instruction to a Merchant for an amount which is not in accordance to the payment instruction or contain errors in the payment instruction resulting in payments being debited from the wrong payer, containing incorrect QR code or reference number with the wrong amount, being duplicated or being not completed or failed.
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Mistaken Payment means an electronic transaction performed wholly or predominantly for personal, domestic or household purposes which results in funds being paid into a wrong account, whereby the payer enters or selects a BSB, account number and/or other identifier that does not belong to the named and/or intended recipient as a result of:
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Examples of Mistaken Payment in a sentence

  • Where we and the sending financial institution determine that an NPP Payment made to your Account is either a Mistaken Payment or a Misdirected Payment, we may, without your consent, and subject to complying with any other applicable Terms and Conditions, deduct from your Account, an amount up to the original amount of the Mistaken Payment or Misdirected Payment.

  • The Customer acknowledges that the receipt by a Biller of a Mistaken Payment Instruction or Erroneous Payment Instruction does not or will not under any circumstances constitute part or whole satisfaction of any underlying debt owed by the Customer to that Biller.

  • AUTHORITY TO RECOVER MISTAKEN OR MISDIRECTED PAYMENTS 24.1. Where we and the sending financial institution determine that an Osko or other NPP Payment made to your account is either a Mistaken Payment or a Misdirected Payment, we may, without your consent, and subject to complying with any other applicable terms and conditions, deduct from your account, an amount up to the original amount of the Mistaken Payment or Misdirected Payment.

  • Any personal property taxes assessable on purchased Products after the Acceptance Date therefor shall be borne by Lilly.

  • Except where a Bpay® payment is an Unauthorised Payment, a Fraudulent Payment or a Mistaken Payment, Bpay® payments are irrevocable.

  • We will notify you if we reverse a Mistaken Payment or misdirected payment.

  • Corporation shall have the right to employ separate counsel in any such action and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of Corporation unless: (i) the employment thereof has been specifically authorized by Seller in writing or (ii) Seller has failed to assume the defense of such action or to employ counsel reasonably satisfactory to Corporation.

  • We conclude that these sources alone, as bound now by Fermi-LAT data, cannot be the major contributors to the e+ excess.

  • Mistaken Payment Instructionmeans a payment that is made, or not made, to a person or for an amount which is not in accordance with the Payment Instructions or contains an error in the Payment Instructions resulting in payments which: o are directed to the wrong recipient; oro contain incorrect Recipient Reference Numbers; oro carry the wrong amount; oro are duplicate.

  • Subject to Clause 3, we will work with the Affected Participant to request and recover the funds on your behalf.2.4All enquiries or complaints raised by you regarding Mistaken Payment Instruction shall be resolved no later than fourteen (14) Business Days.


More Definitions of Mistaken Payment

Mistaken Payment means a payment, initiated by a Payer, who is a ‘user’, as that term is defined in the ePayments Code, which, as a result of the Payer’s error is directed to the wrong Account.
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Mistaken Payment means a payment instruction to a Merchant for an amount which is not in accordance to the payment instruction or contain errors in the payment instruction resulting in payments being debited
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Mistaken Payment means an electronic payment made by a customer where the funds are paid into the wrong person’s account where the customer enters or selects a BSB, account number and/or other identifier that does not belong to the named and/or intended person as a result of:• the customer’s error, or• the customer being advised of the wrong BSB account number and/or other identifier.This does not include payments made using Bpay®.
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Related to Mistaken Payment

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Section 163(i) of the Code.

  • Improper Payment means: (a) any payment, offer, gift or promise to pay or authorization of the payment or transfer of other things of value, including without limitation any portion of the compensation, fees or reimbursements received hereunder or the provision of any service, gift or entertainment, directly or indirectly to (i) a Government Official; (ii) any director, officer, employee or commercial partner of a Party or its Affiliates; or, (iii) any other person at the suggestion, request or direction or for the benefit of any of the above-described persons and entities, for purposes of obtaining or influencing official actions or decisions or securing any improper advantage in order to obtain, retain or direct business; (b) payments made and expenses incurred in connection with performance of obligations under this Agreement that are not made and recorded with sufficient accuracy, detail, and control to meet the standards in applicable Anti-Corruption Laws; or, (c) any other transaction in violation of applicable Anti- Corruption Laws.

  • Delta Payment means as it is described in this Agreement.

  • Overpayment means payment in excess of the required fee. Overpayment of less than $10 received by the board shall not be refunded.

  • PRE-PAYMENT The Tenant shall: (check one)

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Debit Payment means a particular transaction where a debit is made.

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • Mistaken Internet Payment means a payment by a user through a ‘Pay Anyone’ internet banking facility and processed by an ADI through direct entry where funds are paid into the account of an unintended recipient because the user enters or selects a Bank/State/Branch (BSB) number and/or identifier that does not belong to the named and/or intended recipient as a result of:

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Loan Payment means any amount payable by the Loan Parties to the Bank pursuant to the Legal Agreements or these General Conditions, including (but not limited to) any amount of the Withdrawn Loan Balance, interest, the Front-end Fee, interest at the Default Interest Rate (if any), any prepayment premium, any transaction fee for a Conversion or early termination of a Conversion, any premium payable upon the establishment of an Interest Rate Cap or Interest Rate Collar, and any Unwinding Amount payable by the Borrower.”

  • Monthly Excess Interest As to any Distribution Date, the sum of (A) the Interest Remittance Amount remaining after the application of payments pursuant to clauses A. through D. of Section 4.02(b)(i) plus (B) the Principal Payment Amount remaining after the application of payments pursuant to clauses A. through E. of Section 4.02(b)(ii) or (iii).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Tariff Payment means the payments to be made under Monthly Bills as referred to in Article 10 and the relevant Supplementary Bills;

  • Balloon Payment shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Defaulted Swap Termination Payment Any Swap Termination Payment required to be paid by the Trust to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result of an Event of Default (as defined in the Interest Rate Swap Agreement) with respect to which the Swap Provider is the defaulting party or a Termination Event (as defined in the Interest Rate Swap Agreement) (other than Illegality or a Tax Event that is not a Tax Event Upon Merger (each as defined in the Interest Rate Swap Agreement )) with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement).

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Monthly Payments has the meaning set forth in Section 7.2B.

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.

  • Actual Payment means, with respect to a Receivable and a Collection Period, all payments received by the Servicer from or for the account of the related Obligor on such Receivable during such Collection Period, net of any Supplemental Servicing Fees attributable to such Receivable.