Transit Account means an Account opened for an NSD Payment System Participant (being a Russian resident non-credit institution) concurrently with an Account in a foreign currency for the purpose of crediting, in full, any amounts received in the foreign currency in favour of the NSD Payment Participant, as required by the currency legislation of the Russian Federation;
Transit Account means any “Transit Accounts”;
Transit Account is defined in Clause 6.2(d) .
Examples of Transit Account in a sentence
There are three tabs in the section “Balance” on the main page of your TRANSIT Account: “All Accounts”, “Fiat” and “Cryptocurrency”.
TRANSIT Transfers allow you to send electronic money to your TRANSIT Account or from your TRANSIT Account to the TRANSIT Account of another TRANSIT User, to other payment systems, bank cards and mobile phone accounts.
Any dispute under this Agreement or otherwise in connection with your TRANSIT Account shall be brought exclusively in the courts of the Republic of Vanuatu.
There are two active buttons in each block in section “Balance” of your TRANSIT Account – “Deposit” and “Withdraw”.
More Definitions of Transit Account
Transit Account means an e-wallet in TRANSIT System which enables the TRANSIT User to send and receive payments.