Sales Draft definition

Sales Draft means the paper form, whether electronically or manually imprinted, evidencing a sale Transaction.

Sales Draft means evidence of a purchase of goods or services by Cardholder from Merchant using a Card, regardless of whether the form of such evidence is in paper, electronic or otherwise, all of which must conform to Card Brand Rules.

Sales Draft means the relevant payment slips, forms or papers supplied by the Bank or any member institution of Visa International or MasterCard International to the Authorised Merchant for the purpose of recording, confirming and evidencing purchases of goods and/or services incurred by the Cardholder through the use of VISA/MASTERCARD CARD;

Examples of Sales Draft in a sentence

• Then, complete a new Sales Draft for the total amount of any new merchandise purchased.

• Regardless of the terms and conditions of any written preauthorization form, the Sales Draft amount for any lodging or vehicle rental Transaction must include only that portion of the sale, including any applicable taxes, evidencing a bona fide rental of real or personal property by Merchant to the Cardholder and may not include any consequential charges.

• Whenever the term “imprint” is used it refers to the process of using a manual imprinting machine to make an impression of the Card on a Sales Draft; it does not include the printout from a printer attached to an electronic device.

• Cardholders must execute one Sales Draft when making a deposit with a Card and a second Sales Draft when paying the balance.

• Cardholders must execute one Sales Draft upon making a deposit with a Card and a second Sales Draft upon paying the balance.

More Definitions of Sales Draft

Sales Draft means the paper form, approved in advance by Bank, whether such form is electronically or manually imprinted, evidencing a sale Transaction. “Transaction” means any sale of goods and services, or credit for such, from a Merchant for which Bank makes payment through the use of any Card and which is presented to Bank for collection.

Sales Draft means a receipt of acknowledgement provided to the Cardholder subsequent to a Transaction, which is a binding contract between Merchant and the Cardholder.

Sales Draft means an electronic record which is created to evidence purchase of goods or services by a Cardholder from BlueSnap using a Card that is in compliance with the Card Organization Rules.

Sales Draft means any draft or form approved or issued by the Bank from time to time for use by the Merchant for the purpose of recording any CP Transaction.

Sales Draft means the paper form, whether electronically or manually imprinted (solely to the extent expressly permitted by the Rules), evidencing a Transaction.

Sales Draft means the paper form approved in advance by SPS, whether such form is electronically or manually imprinted, evidencing a sale Transaction.

Sales Draft means an electronic receipt evidencing a sales Transaction.