Payment Order Definition: 1k Samples | Law Insider (2024)

Payment Order

means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if the following apply:

Payment Order

means an instruction by a payer or payee to its payment service provider requesting the execution of a payment transaction;

Examples of Payment Order in a sentence

  • The Account Holder may cancel the Payment Order by sending an instruction to do so through the Portal.

  • At the end of the process of a Payment Order on the Portal, the Account Holder will be provided with an irrevocable instruction to sign.

  • In any event, in case of any outward Payment Transaction which may be considered to be a European Union cross‐border payment made in Euro currency, Finductive shall process the Payment Order by no later than the end of the following Business Day on which the Payment Order was placed.

  • Provided that the Payment Order does not lack any necessary details or documentation as outlined below, when the Account Holder effects a Payment Order before 15:00 Central European Time (‘Cut‐ Off Time’) we will process the Payment Order on that same day.

  • This will be the Account Holder’s consent for us to process the Payment Order.


More Definitions of Payment Order

Payment Order

means any instruction by the Payer or the Payee to the payment services provider requesting the execution of a payment transaction.

Payment Order

means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary, provided that (1) the instruction does not state a condition to payment to the beneficiary other than time of payment; (2) the receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from the sender; and (3) the instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.

Payment Order

means a credit transfer order, a liquidity transfer order or a direct debit instruction,

Payment Order

means an instruction of a sender to a receiving bank, transmitted oral- ly, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or deter- minable amount of money to a beneficiary if:

Payment Order

means an instruction of a sender to a receiving bank, transmitted

Payment Order

means an instruction of a sender to a

Payment Order Definition: 1k Samples | Law Insider (2024)
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