Prepaid Accounts definition

Prepaid Accounts. The following requirements apply to prepaid accounts:

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Prepaid Accounts means Customer accounts which are issued payment devices on a closed-loop or open-loop basis that are not Deposit Accounts or Credit Accounts including accounts marketed or labeled as ‘prepaid’, accounts which are loadable with funds, stored value cards, payroll card accounts, and government and needs-tested benefit accounts.

Prepaid Accounts shall have the meaning set forth in Section 2(b)(i)(E) below.

Examples of Prepaid Accounts in a sentence

For Business Prepaid Accounts to qualify for tax exempt status, User must provide a valid tax exemption certificate.
Prepaid Accounts: Payment is required in full for the order to be processed and submitted into production.
The parties shall prorate, as of the close of business on the Closing Date, all cash on hand or on deposit with Seller consisting of sums paid to Seller pursuant to the advance billing practice of Seller or otherwise representing a prepayment to Seller for services to be rendered after the Closing related to the Business (the "Prepaid Accounts").
Perform quarterly reconciliation of remaining balance sheet accounts: Prepaid, Accounts Receivable, Accounts Payable, Debt/Loans, and any Other Asset or Liability Items.
At Closing, Buyer and Seller shall identify all Accounts Receivable attributable to the Prepaid Accounts (the “Prepaid Accounts Receivable”).
At Closing, Seller shall pay to Buyer dollar-for-dollar for all amounts attributable to the Prepaid Accounts Receivable.
The Monthly Accounting will apply consistent criteria in the calculation of each element and including in appropriate detail the relevant figures used in the preparation of the Monthly Accounting, and will include for separate accountings of Credit Accounts, Debit Accounts, Prepaid Accounts, and, upon Supplier’s completion of the technology to implement and support same (which Supplier is actively pursuing), an indication of whether the transaction [***].
The amount due and owing by Seller for the Prepaid Accounts Receivable shall be set forth on Schedule 1.6, which shall be attached to this Agreement at Closing.
Only for Online and Mobile Payments and Transfers (for Consumer Deposit and Prepaid Accounts Only)‌ In the event that money is removed from your consumer deposit accounts (i.e., checking or savings) or prepaid accounts with us or without your authorization through Payments and Transfers, we will reimburse you 100% if you tell us within two Business Days of your discovery of the unauthorized transaction.
Only for Online and Mobile Payments and Transfers (for Consumer Deposit and Prepaid Accounts Only)‌ In the event that money is removed from your consumer deposit accounts (i.e., checking or savings) or prepaid accounts with us without your authorization through Payments and Transfers, we will reimburse you 100% if you tell us within two Business Days of your discovery of the unauthorized transaction.

More Definitions of Prepaid Accounts

Prepaid Accounts means all gift certificates, trade agreements, reservations, deposits, advance payments, including but not limited to the Reservation Deposits, security deposits and items prepaid to the Seller and other amounts, deposits or credits paid to or received by the Seller or the Property prior to Closing.

Prepaid Accounts means any amounts prepaid to Seller for the provision of advertising services to be performed on of after the Closing Date.