Preauthorized Debit definition

Preauthorized Debit means a Transaction debiting the Account that is processed electronically by a financial institution in accordance with Your written request.
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Preauthorized Debit means a Transaction debiting an account that is processed electronically by a financial institution in accordance with the Depositor's written request.
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Preauthorized Debit means a Transaction debiting the Account that is processed electronically by a financial institution in accordance with the Customer’s written request.
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Examples of Preauthorized Debit in a sentence

  • You may arrange with another party to have payments withdrawn from your Account and sent directly to them on a regular basis with our Pre-authorized Debit services.

  • Financial Institution Number: Branch Transit Number: Deposit Account Number: Chequing Account Savings Account (Please check) Name of Financial Institution Branch Address AUTHORIZATION By signing this authorization, I/We acknowledge that I/we) have read, understood and accepted all the provisions in the Terms and Conditions on Page 1 of this Pre-authorized Debit Agreement, a copy of which has been provided to and retained by me/us.

  • If I'm switching from Employer Payroll Deduction to Pre-authorized Debit, I direct OMERS to stop my Employer Payroll Deduction and revoke my existing authorization provided to OMERS for that purpose.

  • However, the Fund Office must receive a Self- Payment Application and Preauthorized Debit Agreement prior to losing your Hour-Bank (eligibility terminating).

  • Preauthorized Debit Agreement (PAD) – Personal (Please attach a cheque specimen) Debit characteristics – This is a variable amount PAD.

  • I/We warrant and guarantee that all persons whose signatures are required to sign on this account have signed the Preauthorized Debit Service Form.

  • The deferment will not stop any established Preauthorized Debit (PAD) or recurring payments on the loan.● After the deferment period ends, COVID-EIDL Borrowers will be required to make regular principal and interest payments beginning 30 months from the date of the Note.

  • A Plan Member who wishes to make Self-Payments must submit a signed Self- Payment Application and Preauthorized Debit Agreement to the Fund Office prior to the Plan Member’s loss of Coverage.

  • If this is for your own personal investment, your debit will be considered a Personal Pre-authorized Debit (PAD) by Canadian Payments Association definition.

  • Two types of ACH collection systems are available: Direct Payment /Preauthorized Debit (PAD) and Automated Clearing House Customer Credit process.


More Definitions of Preauthorized Debit

Preauthorized Debit means a Transaction debiting the Account that is processed electronically by a financial institution in accordance with the Member’s instructions to a Third Party to debit the Account under Canadian Payments Association Rules.
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Preauthorized Debit means a Transaction debiting the Account that is processed electronically by the Credit Union in accordance with the Member’s request. Partner Organization means any person, firm, corporation, association, organization or entity other than the Credit Union that is providing products or services in conjunction with the Credit Union.
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Preauthorized Debit means that the payment of principal and interest on the Bonds is electronically deducted from the bank account of the Issuer, which bank account shall be designated by the Issuer in writing to the Government prior to the issuance of the Bonds.
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Preauthorized Debit means a Transaction debiting the Account that is processed electronically by the Credit Union in accordance with the Member’s request. Partner Organization means any person, firm, corporation, association, organization or entity other than the Credit Union that is providing products or services in conjunction with the Credit Union.
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Preauthorized Debit means that the payment of principal and interest on the Bonds is electronically deducted from the bank account of the Issuer, which bank account shall be designated by the Issuer in writing to the Government prior to the issuance of the Bonds.
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Related to Preauthorized Debit

  • Authorized Driver means any of the following:

  • Authorized Broker means those Brokers which are authorized to deal in Government Securities.

  • Authorized emergency vehicle means any of the following:

  • Authorized insurer means, in the case of an interstate motor carrier whose operations may or may

  • Authorized account means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.

  • Electronic Record and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time.

  • Authorized By means the same as "authorization" as defined in § 24.2-945.1.

  • Electronic Health Record shall have the same meaning as the term is defined in section 13400 of the HITECH Act (42 U.S.C. §17921(5).

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Account Information means any information relating to the Account including without limitation to the Account number, Account balance or value, gross receipts, withdrawals and payments to or from the Account.

  • Authorized Reseller a reseller, distributor or other partner authorized by Celonis to sell Celonis products or services.

  • Authorized inspector means inspectors employed by the authorities responsible for boarding and inspection included in the Commission register and authorized to conduct boarding and inspection activities pursuant to these procedures;

  • Authorized Dealer means a person authorized as an authorized dealer under sub- section (1) of section 10 of FEMA.

  • Authorized Instructions shall have the meaning set forth in Section 1.5.

  • Account Application Form means the Personal Account Application Form for International Personal Banking or Wealth and Investment as applicable;

  • Authorized Users(s) means an individual or individuals with a business need to access DSHS Confidential Information, and who has or have been authorized to do so.

  • Electronic recording A mortgage or a mortgage-related document created, generated, sent, communicated, received, or stored by electronic means (that complies with the requirements of the Electronic Signatures in Global and National Commerce Act or the Uniform Electronic Transactions Act, as applicable) that has been accepted for recording by a participating county land records office which accepts such electronic record of a mortgage or a mortgage-related document as an alternative to recordation of the original paper form of such document.

  • Authorized User means a person:

  • Electronic Data Interchange or “EDI technology” means the computer-to-computer exchange of business transactions in a standardized, structured electronic format.

  • Authorized Branches means those Branches of Distributors or Distribution Companies which are allowed by the Management Company to deal in Units of the Funds managed by the Management Company.

  • Clearing House Rules means the Certificate of Incorporation, the By- Laws and any rule, interpretation, stated policy, or instrument corresponding to any of the foregoing, in each case as adopted or amended from time to time by the Clearing House relating to any or all of the Swaps.