What is the meaning of payment transaction?

(1) (for the purposes of FEES 9) an action of transferring funds, initiated by the payer or on its behalf or by the payee, irrespective of any underlying obligations between the payer and the payee.

What is the meaning of transactions?

What Is a Transaction? A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money. The term is also commonly used in corporate accounting. In business bookkeeping, this plain definition can get tricky.

What is a purpose of a transaction?

Purpose of Transaction means an explanation about why a customer is conducting a transaction or the reason for which the funds will be used. For verification of the purpose of the transaction, documents may include any documentation proving the purpose for which the money will be used.

What is transaction form?

Transaction Form means any of the forms of Guaranty Agreement, Payment Bond, or Performance Bond appended to this Contract. The final, signed Transaction Forms are part of the Contract.

What is common transaction form in mutual fund?

COMMON TRANSACTION FORM. AMC / Mutual Fund : (Please use separate transaction slip for each scheme) This Form is for use of Existing Investors only. Use this Form for: ADDITIONAL PURCHASE / REDEMPTION/SWITCH.

What is transaction with example?

A transaction is a monetary activity that is recorded as an entry in accounting records and has a monetary effect on the financial statements. The following are some examples of transactions: Making a payment to a business for their service or products delivered.

Get Ssip Common Transaction Form

COMMON TRANSACTION SLIP (For existing Unitholders only) SUBBROKER ARN CODEBROKER CODE (ARN CODE)Employee Unique Identification No. (EUIN)SUBBROKER CODE (As allotted by ARN holder)Upfront commission.

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