on account of payment
41payment banks — These are CREST Participants who guarantee payment for securities delivered to their client via CREST. Payment banks respond to instructions from members CMAs (see Cash Memorandum Account). All cash movements are effected outside CREST by… …
42payment on account — See: progress payment …
43payment gateway — / peɪmənt ˌgeɪtweɪ/ noun software that processes online credit card payments. It gets authorisation for the payment from the credit card company and transfers money into the retailer’s bank account …
44payment on account — Part payment of an outstanding debt, usually coupled with an agreement to repay the balance at a specified date …
45payment gateway — / peɪmənt ˌgeɪtweɪ/ noun software that processes online credit card payments. It gets authorisation for the payment from the credit card company and transfers money into the retailer’s bank account …
46payment on account scheme — The largest VAT payers are required to be in the Payments on Account Scheme. Under the scheme interim payments must be made. HM Customs & Revenue Glossary …
47account stated — All agreement concerning prior transactions between the parties with respect to the correctness of the separate items composing the account and the balance, if any, in favor of one or the other of the parties. 1 Am J2d Acctg § 21. An agreement… …
48payment order — order to transfer money from one bank account to another …
49Electronic bill payment — is a feature of online banking, similar in its effect to a giro, allowing a depositor to send money from his demand account to a creditor or vendor such as a public utility or a department store to be credited against a specific account. The… …
50debit account — ➔ account1 * * * debit account UK US noun [C] ► COMMERCE an account at a store or business which you pay money into, so when you buy their goods or services, the store can take money from your account as payment: »Simply make a deposit into your… …
