Returned Payment. A payment that is not honored by your financial institution.

Returned Payment means any payment submitted for utility service for which the utility is unable to receive the funds submitted for payment, and where the parties have not mutually agreed to void or otherwise disregard the submitted payment.

Returned Payment means a payment made by a Serviced Mortgagor with respect to a Serviced Mortgage Loan prior to the Applicable Closing, which payment (i) was turned over to Purchaser or remitted by a Seller to an Investor or other third party, and (ii) was rejected or which a Seller was required to return and, in fact, returned (whether by credit or otherwise) in the period commencing on the Applicable Closing Date and ending on the 60th day following the Applicable Closing Date; provided, that any amount so rejected or required to be returned within such period that was subsequently collected by a Seller within such period shall not constitute a Returned Payment.

Examples of Returned Payment in a sentence

Returned Payment $39 if your payment is returned unpaid the first time we present it to your bank.
If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.
Section 18 of the General Terms (Failed Or Returned Payment Instructions) applies if you do not pay our fees and charges for the Service, including without limitation if we debit the External Account for such fees, as described in this Section, and there are insufficient fees in the External Account; Section 18 of the General Terms should be interpreted as applying to the External Account, not just the Eligible Transaction Account, in such circumstances.
Section 18 of the General Terms (Failed Or Returned Payment Instructions) applies if you do not pay our fees and charges for the Service, including without limitation if we debit the Billing Account for such fees, as described in this Section, and there are insufficient fees in the Billing Account.
This charge will be reflected as Returned Payment Charge on your monthly bill, if applicable.

More Definitions of Returned Payment

Returned Payment. Any amount paid by an Obligor on a Contract that, for ---------------- any reason is required to be returned to such Obligor.

Returned Payment has the meaning given to that term in Section 9.12.

Returned Payment. We will charge you $29.00 for each return by a bank or other depository institution of a dishonored payment by you to us in connection with the Account. This fee will be in addition to all Finance Charges and fees we may collect from you and is not subject to refund or rebate.

Returned Payment has the meaning assigned to it in SECTION 12.5(b).

Returned Payment is defined in Section 2.10(b).

Returned Payment means a payment made by a Serviced Mortgagor with respect to a Serviced Mortgage Loan prior to the Closing, which payment (i) was turned over to Purchaser or remitted by a Seller to an Investor or other third party, and (ii) was rejected or which a Seller was required to return and, in fact, returned (whether by credit or otherwise) in the period commencing on the Closing Date and ending on the 60 th day following the Closing Date; provided , that any amount so rejected or required to be returned within such period that was subsequently collected by a Seller within such period shall not constitute a Returned Payment.

Returned Payment means a payment that cannot be processed for any reason or that is not approved by Customer’s financial institution.