Outstanding payment instruments definition

Outstanding payment instruments means unpaid payment instruments whose sale has been reported to a licensee.
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Outstanding payment instruments means unpaid payment instruments whose sale has been reported to a licensee. 13. “Payment instrument” means a check, draft, money order, traveler’s check or other instrument or order for the transmission or payment of money sold to one or more persons whether or not that instrument or order is negotiable. Payment instrument does not include an instrument that is redeemable by the issuer in merchandise or service, a credit card voucher or a letter of credit. 14. “Permissible investment” means any of the following:
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Related to Outstanding payment instruments

  • Outstanding Principal Amount means, on any date in respect of any Series of Covered Bonds or, where applicable, in respect of all Series of Covered Bonds:

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.