All Definitions
Genie AI's algorithm has begun to pull terms, relevant taxonomical data from legal templates and databases worldwide. Wherever possible we will cite the source of the legal definition to support your legal research needs.
Cover Payment
Cover Payment means a process of transferring funds, where a direct payment message from an ordering institution to a beneficiary one pairs with accompanying routing instructions through [number] of intermediary institutions
Credit Decision
Credit Decision means making, altering, or ending mortgages or loans, and changing credit limits.
Credit Grantor
Credit Grantor means a party extending credit or transferring credit provider roles.
Credit Purchase
Credit Purchase means the utilization of a card or account number for acquiring goods, services, or assets.
Credit Redemption
Credit Redemption means converting accumulated credits to meet requirements for awards in an [organization]
Credit Repayment
Credit Repayment means full payment of all Credit Obligations, termination of all credit lines and collateralization of outstanding obligations
Credit Securities
Credit Securities means fixed-income or debt securities, corporate bonds, loans, asset-backed or mortgage-backed securities, and convertible securities
Credit Value
Credit Value means the potential total of credits that an entity can accumulate based on rules connected with a given service
Credit Voucher
Credit Voucher means a document or record from a [Merchant] confirming a refund or adjustment related to goods, services, or charges, to be added onto a [Cardholder's Account].
