payment of an account
71open account — Trading on the basis that payment will be debited to the customer s account and settled on the basis of the payment terms applicable to that account. Easyform Glossary of Law Terms. UK law terms. open account n. (1) An unsettl …
72Finality Of Payment — Refers to the instant that a payment to another party is completed, at which point the receiving institution has irrevocable access to the money. This is more commonly referred to as the moment when funds are good in an account. The concept and… …
73Electronic Payment Services — Infobox Interbank Network name = EPS 易辦事 area = Hong Kong foundation = 1984 members = 22 POS = Almost 20,000Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and… …
74budget account — noun 1. A special bank account, into which money is paid regularly by the bank from a customer s main account and from which payment of previously agreed recurring expenses, eg fuel bills, TV licence, is made 2. An account with a shop, into which …
75Money of account — Money Mon ey, n.; pl. {Moneys}. [OE. moneie, OF. moneie, F. monnaie, fr. L. moneta. See {Mint} place where coin is made, {Mind}, and cf. {Moidore}, {Monetary}.] 1. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by …
76Universal Payment Identification Code — A Universal Payment Identification Code or UPIC is an identifier for a bank account in the United States. It allows the account owner to receive electronic credit payments without revealing the account number or risking unauthorized direct debits …
77Methods of payment in International trade — Popular methods of payment used in international trade include: cash with order(CWO) the buyers pay cash when he places an order. cash on delivery(COD) the buyer pays cash when the goods are delivered. documentary credit a Letter of credit (L/C)… …
78Revolving Account — A type of credit account in which the customer may defer payment on part of the balance. Interest is charged on the unpaid balance and added to the total owed. A credit card is one type of revolving account. A revolving account may also be called …
79On Account — An accounting term that denotes partial payment of an amount owed or the purchase/sale of merchandise or a service on credit. For example, if a firm purchases $5,000 worth of merchandise on account, this refers to the purchase of the goods on… …
80Demat account — The term Demat, in India, refers to a dematerialised account for individual Indian citizens to trade in listed stocks or debentures, required for investors by The Securities Exchange Board of India (SEBI). In a demat account, shares and… …
