We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Net Purchase definition

Net Purchase means the purchase of goods and/or services made by you or your authorized user(s) through the use of your Rewards Credit Card Account, plus or minus any adjustments made to your Rewards Credit Card Account in respect of those purchases. Net Purchases do not include, and you will not earn any Points in respect of, interest charges; cash advance and balance transfer transactions (including access cheques and deposits to a bank account); balance(s) permissibly transferred between MBNA credit card accounts or accounts of MBNA affiliates; cash advances re-designated as purchases; the purchase of cash equivalents, including foreign currency, traveller’s cheques, money orders, wire transfers, person-to-person money transfers, bets, lottery tickets or casino gaming chips; unauthorized charges (including those made with a lost, stolen, cancelled or fraudulent Rewards Credit Card Account); credit insurance premiums; over- the-credit-limit fees; and other fees and charges assessed on your Rewards Credit Card Account; and
Net Purchase means the full amount charged to a Credit Card Account for a purchase of goods and/or services made by a Cardholder, including taxes, less any credits.
Net Purchase refers to Purchases charged to the Account, minus returns, interest, fees and adjustments.

Examples of Net Purchase in a sentence

  • Net Purchase Payment amounts are withdrawn first, and then the excess value, if any.

  • The number of Accumulation Units will be determined by dividing the Net Purchase Payment by the value of an Accumulation Unit on the effective date.

  • Any dividend credited prior to the Maturity Date will be applied on the effective date as a Net Purchase Payment unless the Owner elects to have the dividend paid in cash.

  • Net Purchase Payments received at the Home Office on or after the date on which notice is received will be applied to the designated Investment Accounts on the basis of the new allocation.

  • Accumulation Units are credited as of the effective date of the Net Purchase Payment.


More Definitions of Net Purchase

Net Purchase means the dollar value of goods and services purchased with a Card, less any credits, returns or other adjustments reflected on the Card billing statement;
Net Purchase means that the points earned are calculated based on purchases charged to the account, minus returns; interest, fees and adjustments are also excluded.
Net Purchase means the full amount charged to an Account for a purchase of goods and/or services made by a Cardholder, excluding: (i) Cash Advances, (ii) interest charges; (iii) fees; (iv) adjustments, and; (v) for the RBC Visa Cash Back and the RBC Business Cash Back Mastercard accounts only, any amount charged once the maximum Cash Back Credit earned during an Annual Period has been reached, in accordance with these Terms.
Net PurchaseCash Back redemptions will be automatically deposited into your Team One Credit Union account at the beginning of every quarter (January 1st, April 1st, July 1st and October 1st)
Net Purchase means, with respect to each purchase of the Products by Buyer, the dollar amount which is determined by subtracting the cash discount and freight charges, if any, from the total invoice price of the Products set forth in the related invoice. Notwithstanding the foregoing, in the event that Buyer acquires a company or entity from a party which is not affiliated with Buyer and which company or entity is not engaged in rockbit production, there shall be excluded from the percentage of Buyer's total Net Purchases of the Products requirements of this Paragraph 2(a) all purchases of the Products by such newly acquired company or entity.
Net Purchase means purchases of the applicable products by Retailer expressed in dollars and net of all returns, rebates, allowances, and all credits and adjustments issued during the applicable period. The GCR will be calculated according to the intervals and timeframe listed in Section 4. This calculation shall exclude any [*], [*], and [*], as priced in Exhibit 1 and listed in Exhibit 3.
Net Purchase. PAYMENTS The sum of all Purchase Payments, reduced proportionately on the date of each partial withdrawal by the percentage at which the Contract Value is reduced by each such withdrawal (including any charges applicable to the withdrawal).