Duly Paid Legal Definition

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  • Oct 14, 2022
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Duly Paid Legal Definition

If you spend a lot of overtime on your work, assume that you are paid properly. Means «right» or «appropriate». @KonciseD Only 11:12 CST and I have already met these two: «duly appointed» and «duly approved». (A) It provides closed-loop prepaid access to funds that must not exceed the maximum value of $2,000 and that may be associated with a prepaid access device or vehicle on a given day; The performance, delivery and performance of this Agreement by that party has been duly and validly approved by all necessary corporate or similar procedures (including, but not limited to, the approval of the Board of Directors and, if necessary, shareholders). This Agreement has been duly signed and delivered by that party and constitutes that party`s legal, valid and binding obligation to be enforceable against that party in accordance with its terms. For this reason, garner`s Dictionary of Legal Usage, at 301, says in reference to duly authorized: «Because authorization refers to the granting of real or official power, the proper (i.e. `right`) is generally useless. Similarly, it is properly redundant in properly signed sentences. (B) determine the terms and conditions of the prepaid program and determine that the terms and conditions have not been exceeded; mm) person. An individual, company, partnership, trust or estate, public limited company, association, syndicate, joint venture or other non-legal entity or group, an Indian tribe (as that term is defined in the Indian Gaming Regulation Act) and any company recognizable as a legal entity. (WW) Prepaid access.

Access to funds or the value of funds that have been prepaid and that can be accessed or transferred at any time in the future via an electronic device or vehicle, such as a card, code, electronic serial number, mobile identification number or personal identification number. The term due is essentially contextual in nature and has various legal applications, all of which imply the sufficiency or relevance of an act or obligation. (f) beneficiary. The person to be paid by the beneficiary`s bank. I realized that Bradley was giving me way too much credit – I had never written about it properly. So here we go. (rr) Secretary. The Minister of Finance or any person duly authorized by the Secretary to exercise that function. A) A person who sells prepaid access in exchange for a cheque (within the meaning of the Uniform Commercial Code), a monetary instrument or any other instrument; As in the first example above, appropriate is often associated with valid. When it comes to contracts, redundancy is what society likes. (C) determine the other companies that will participate in the Prepaid Program, which may include the issuing bank, payment processor or distributor; But appropriate can also be used to highlight a wider range of concerns. For example, «An opinion that a corporation has been `properly incorporated` means that the founders have met all the requirements in effect at the time of incorporation so that the corporation can be incorporated under the applicable law of the corporation, and that government officials have taken the steps required by that law to establish the corporation as a corporation.» Scott T.

Fitzgibbon, Donald W. Glazer & Steven O. Weise, Glazer & Fitzgibbon on Legal Opinions § 6.2 (3rd ed. 2012). Since, in this context, «properly integrated» is the abbreviation for a number of problems, the word «organized» alone cannot contain the word «appropriately», so the word correctly is not redundant. (kkk) Prepaid closed-circuit access. Prepaid access to funds or the value of funds that can only be used for goods or services in transactions involving a defined merchant or location (or set of locations), such as a specific retailer or retail chain, university campus, or subway system. (7) Prepaid Access Seller.

Any person who receives funds or the value of the funds in exchange for an initial supplement or subsequent prepaid access fee if that person: (xx) structure (structuring). For the purposes of § 1010.314, a person structures a transaction if that person, alone or in conjunction with or on behalf of other persons, carries out or attempts to carry out one or more foreign currency transactions, for any amount whatsoever, with one or more financial institutions, over one or more days, in any manner whatsoever, for the purpose of circumventing the reporting obligations under §§ 1010.311, 1010.313, 1020.315, 1021.311 and 1021.313 of this chapter. «In any way» includes, but is not limited to, the breakdown of a single currency amount of more than $10,000 into smaller amounts, including amounts equal to or less than $10,000, or the execution of a transaction or series of foreign currency transactions equal to or less than $10,000. The transaction(s) do not need to exceed the reporting threshold of $10,000 for a single financial institution over a single day to constitute a structuring within the meaning of this definition. (i) sells prepaid access offered under a prepaid program and may be used prior to verifying the customer`s identity in accordance with section 1022.210(d)(1)(iv); or (w) money transfer. The series of operations, from the customer`s payment order, carried out for the purpose of payment to the beneficiary of the order. The term includes all payment orders issued by the principal`s bank or an intermediary bank that are intended to execute the payer`s payment order. A transfer of funds is made by the beneficiary`s bank accepting a payment order to the beneficiary of the payer`s payment order. Electronic money transfers within the meaning of Section 903(7) of the Electronic Fund Transfer Act (15 U.S.C. 1693a(7)) and any other money transfer made through an automated clearing house, ATM or point-of-sale system are excluded from this definition. (E) Participation in activities that demonstrate supervision and control of the Prepaid Program.

(ii) Considerations for determining the supplier. In the absence of registration as a prepaid access provider to a prepaid program by one of the participants in a prepaid access program, the prepaid access provider is the person who primarily supervises and controls the prepaid program. The person who exercises «primary supervision and control» is a matter of facts and circumstances. Activities that point to «primary supervision and control» include: DUE. What should be paid; what may be required. This differs from debt that sometimes what is due is not due; A Bond, payable thirty days after the date, is due immediately upon delivery to the beneficiary, but only after the expiry of the thirty days. 2. Bills of exchange and promissory notes shall be due only after the expiry of the three days of grace (see above), unless the last of these days coincidentally falls on a Sunday or other holy day, if it is due on the previous Saturday and not on the following Monday. History, P.

N. sec. 440; 1 Bell`s Com. 410 Story on Bills, section 283; 2 Hill, N. Y. R. 587; 2 applet. R. 264. 3. Due also means just or correct; Since an appropriate quote and request from the payer must be made. See 4 Rawle, 307; 3 Leigh, 389; 3.

Cranch, receiver 300 (pp). The person to be paid by the recipient`s financial institution. The term beneficiary includes a beneficiary, unless the beneficiary`s financial institution is a financial institution other than a bank. (m) currency. The coin and paper money of the United States or any other country designated as legal tender that is commonly used and accepted as a medium of exchange in the country of issue. The currency includes U.S. silver certificates, U.S. notes, and Federal Reserve notes. The currency also includes official foreign banknotes, which are usually used and accepted as a medium of exchange in a foreign country. Similarly, «an opinion means that a company has been `properly organized`, that the company has been properly established, and that it has taken additional steps to establish its basic organizational structure.» Id.

at § 6.3. (B) It provides prepaid access only to funds provided by a federal, state, local, territorial and island property or tribal government agency; Owing; payable; rightly due. This forces one to pay or provide to the other; what is required by law or justice, to be paid or done. Due or due, as opposed to liability. It is often said that a debt is owed by a person to whom it is the party who owes it or who is mainly obliged to pay, whether or not the payment term has come.

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