Payment Allocation Methodology definition
Payment Allocation Methodology means the methodology used to divide a single payment on a pro-rata basis across loans contained within an Eligible Multiple Account.
Payment Allocation Methodology means, the methodology used to allocate part of each of a Merchant’s payments on a Receivable to a reduction in the Outstanding Receivables Balance of such Receivable as follows: for each payment received on such Receivable, a percentage of such payment equal to the quotient, expressed as a percentage of (a) the Original Purchase Price of such Receivable, divided by (b) the Settlement Amount of such Receivable, shall be applied to reduce the Outstanding Receivables Balance of such Receivable.