Mile Point. Point gained from any expenditure made by Wings Business in the member establishments under the rules and procedures to be determined by the Bank but which may be used only by the Company for getting free air ticket including landing charge. Payment Form/Application Form/Letter of Instruction: Forms and instructions which constitute an integral part of this Contract on which the Client who applies to the Bank for benefiting from invoice payment, automatic payment, automatic transfer, services provided to clients through the Free Banking Channels or cards may dispose and which include his account details held with the Bank and account details of the 3rd persons for whom he shall make transfer and other required information. Firm/Entity/Institutions/Beneficiary: Real and legal person or persons whose names are stated in the Application Form/Letter of Instruction by the Client who desires to benefit from the Bank’s services and for whom transfers shall be made.
Mile Point. Point gained from any expenditure made by Wings Business in the member establishments under the rules and procedures to be determined by the Bank but which may be used only by the Company for getting free air ticket including landing charge. Client: Refers to the legal entities or management or partnerships which are not legal entity or real merchandisers having Demand (Sight) Deposit Account and/or Credit Card Account in the Bank.
Examples of Mile Point in a sentence
Unclosed Advance Mile Point is calculated by the formula “(Unclosed Advance Mile Point Amount * Ticket Price) / Total Mile Points Used for Ticket”.
The advance Mile Point granted as above should be completed within 12 months with transactions affected from credit card.
Maximum advance Mile Point amount that may be used is also subject to the Mile Point usage limitations specified in article 7 of Section “D” hereinabove.