Payment Order definition

Payment Order means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if the following apply:

Payment Order means an instruction by a payer or payee to its payment service provider requesting the execution of a payment transaction;

Payment Order means any instruction by a payer or payee to his payment service provider requesting the execution of a payment transaction;

Examples of Payment Order in a sentence

• The Fund will execute all documentation required by the Custodian, including a separate Preauthorized Repetitive Payment Order (PPO) form.

• There is a charge for each Stop Payment Order request and for each renewal.

• You agree to hold us harmless from all liability because we refuse to pay an Item subject to your Stop Payment Order.

• If we re-credit your Deposit Account after paying an Item over a valid and timely Stop Payment Order, you agree to sign a statement describing the dispute you have with the payee, to transfer to us all of your rights against the payee or other holder of the Item, and to assist us in any attempt we make to recover the funds from that person.

• A Stop Payment Order may be placed on either a one-time debit transfer or on a multiple debit entry transfer.

More Definitions of Payment Order

Payment Order means any instruction by the Payer or the Payee to the payment services provider requesting the execution of a payment transaction.

Payment Order means a credit transfer order, a liquidity transfer order or a direct debit instruction,

Payment Order means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary, provided that (1) the instruction does not state a condition to payment to the beneficiary other than time of payment; (2) the receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from the sender; and (3) the instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.

Payment Order means a credit transfer order, a liquidity transfer order, a direct debit instruction, a PM to T2S DCA liquidity transfer order or a PM to TIPS DCA liquidity transfer order,

Payment Order means an instruction of a sender to a receiving bank, transmitted

Payment Order means a valid instruction by the Client to us requesting the execution of a payment transaction.

Payment Order means an instruction of a sender to a receiving bank, transmitted oral- ly, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or deter- minable amount of money to a beneficiary if: