Sentences with phrase «legal means of payment»

More recently, in 2017, HNB noted that cryptos were neither legal means of payment, nor electronic money under current law in Croatia.

Virtual currency in general, and bitcoin and litecoin in particular, are not currencies and are not legal means of payment under the Vietnamese law.

At the same time, the use of cryptocurrencies is expected to remain somewhat limited, as they will not be accepted as legal means of payment.

«So - called virtual currencies (cryptocurrencies such as Bitcoin) are considered equal to the legal means of payment, as long as these so - called virtual currencies have been accepted as alternative and contractual means of payment by the parties involved in the transaction and have no other purpose than being used as a means of payment.»

Recognizes bitcoin as a «legal means of payment».

A draft law submitted to Russian parliament would designate the yet - to - be-issued cryptoruble as a legal means of payment in the country.

Not exact matches

Bitcoin got an unexpected endorsement this week - federal authorities signaled they view the digital currency as a legal means of exchange and legitimate payment alternative.

For small business owners contemplating adding alternative payment solutions to their menu of legal tender, consider these tips: Don't be intimidated Just because the payment solution you're offering is not the tried - and - true standard exemplified by cash or credit, that doesn't mean its implementation will be difficult.

So, that is, accepting the digital currency today is completely legal; this means MonaCoin and other cryptos can be used as a medium of payment in businesses, stores, or restaurants.

The bankruptcy aspect of it means there is legal protection and if accepted, your creditors are bound by its payment terms, whereas the debts are typically paid off at a fraction of what is owed.

These are secured loans, the property guarantees the loan and the creditor can rest assured that if you fail to make the monthly payments he can recover his money by means of the legal action of repossession.

The term «default» means you have failed to make payments on your student loan as scheduled according to the terms of your promissory note, the binding legal document you signed at the time you took out your student loan.

The term «default» means you have failed to make payments on your student loan as scheduled according to the terms of your promissory note, the binding legal document you signed... [Read more...] about Understanding Delinquency vs Default On Student Loans

«Good Standing» means that you 1) make sufficient deposits to bring your account to a positive end of day balance at least once every 30 calendar days (including payments of all bank fees and charges); 2) avoid excessive overdrafts; and 3) there are no legal orders, levies, or liens against your account.

garnishment [top] Legal proceeding whereby money or property due to a creditor, but in the possession of another, such as an employer, is intercepted by means of a court order and applied to the payment of the debt owed to the plaintiff creditor.

Ted Michalos: I mean if the whole reason that you went to the debt settlement guy or the debt consultant guy in the first place was you were afraid of having your wages garnisheed or your bank account frozen, you're missing payments on your truck or house and you're afraid of repossession, well a debt consultant can't provide you with any legal protection.

Many pieces in the collection are not in fact legal tender, yet they function as a means of payment in their mutual acceptance by exchanging parties.

If the debtor does not pay the amount of a Small Claims Court judgment and does not work out a payment plan, a creditor must wait 30 days from the date of the judgment before using other legal means to collect.

«The term «pro bono» refers to activities of the firm undertaken normally without expectation of fee and not in the course of ordinary commercial practice and consisting of (i) the delivery of legal services to persons of limited means or to charitable, religious, civic, community, governmental, and educational organizations in matters which are designed primarily to address the needs of persons of limited means; (ii) the provision of legal assistance to individuals, groups, or organizations seeking to secure or protect civil rights, civil liberties, or public rights; and (iii) the provision of legal assistance to charitable, religious, civic, community, governmental, or educational organizations in matters in furtherance of their organizational purposes, where the payment of standard legal fees would significantly deplete the organization's economic resources or would be otherwise inappropriate.»

The roundtable considered why would we accept in the criminal justice system that the legal payment for a lawyer representing «a person of modest means» would not be «the applicable standard» for paying an amici?

It also meant understanding the finances of a legal business: overhead costs, lease payments, cost identification, profitability calculations, accounts receivable, bill collection, tax and pension liabilities, and much more.

The insurer outlined changes meant to have long - term positive impact on the legal representation rate among its clients, including resolving claims effectively and quickly «in a fair and reasonable manner» through streamlining determination of coverage and payment of benefits, implementing initiatives improving access to benefits and providing education to customers so they have more control over the claims process.

Another reason why most attorneys do not take on legal malpractice cases is because payment is on a contingency basis, meaning the attorney gets a certain percentage of what you recover and gets nothing if you do not win.

Even though salary continuance is not a legal mechanism for the payment of statutory termination pay, and even though judges will often not order it as a remedy in a wrongful dismissal case, that does not necessarily mean that (a) salary continuance is never «legal» or (b) employees may not have to accept it.

Without the option of «no win — no pay» contingency fees, few victims would have the means and ability to challenge the big insurance companies in a legal battle with upfront legal payments.

This reality, when combined with the fact that the Tribunal lacks the power to award payment of legal costs, has meant that applicants» victories may appear to be hollow when the time, effort, cost and risk of pursuing a human rights application is weighed against the resulting award of damages.

What this statute means, in the words of the United States Treasury, is that» [A] ll United States money... is a valid and legal offer of payment for debts when tendered to a creditor.

Due to certain mix - up and corruption in Nigeria system» payments is being made by cash payment, «meaning» you will have to come to Nigeria in person for proper signing of all legal papers as this method was considered suitable for this process as advised and directed by the UN, FBI and CBN Governor so you will not be asked to pay any upfront fees.

Bank of Japan Governor Haruhiko Kuroda said on Tuesday cryptocurrencies likely won't threaten legal tenders like the yen any time soon as they are mostly used for speculative trading, rather than as payments and settlement means.

Unlike the U.S., Germany will regard bitcoin as equivalent to legal tender when used as a means of payment, according to a new government document.

The country's central bank released an initial warning in February and has followed up with repeated statements that bitcoin and other digital currencies are not legal tender or a permitted means of payment in Vietnam.

The German authorities justified this decision by stating that all virtual currencies such as Bitcoin will be considered a legal method of payment as long as all parties involved in the transaction accept that that cryptocurrency will be used as a means of payment.

These laws came into effect on April 1 2017, along with the Payment Services Act recognizing cryptocurrencies as a means of payment, granting them the same legal status as any other cuPayment Services Act recognizing cryptocurrencies as a means of payment, granting them the same legal status as any other cupayment, granting them the same legal status as any other currency.

Earlier this year in April, Japan passed a long discussed law that recognizes Bitcoin and other cryptocurrencies as means of payment that «are not legal currency», as Japan's Payment Services Actpayment that «are not legal currency», as Japan's Payment Services ActPayment Services Act reads.

Instead, Germany will regard bitcoin as the equivalent to legal tender for tax purposes when used as a means of payment, according to a new document.

While in some countries they are legal as a means of payment, in others they have no legal status yet or even got banned.

This means that formal legal arrangements (for example court orders) for regular child maintenance payments can be enforced if any of the following apply:

The effect of child support regulations will mean that when couples part and seek legal settlement of their property and financial affairs, the pressure will be intensified for an order, either for the sale of the former matrimonial home or its transfer to the absent parent in return for a lump sum payment to the caring parent.

The lawsuit notes that, according to HUD, characterizing «such arrangements as «marketing» or «administrative» agreements does not render the underlying conduct legal» and that the agreements are «only a means to facilitate payments for referrals by persons in a position to refer settlement service business, in violation of RESPA.»

So yes, that could mean a hefty payout after closing, but these types of arrangements work out well for the home buyer because the down payment lender has no legal ownership or rights to the home.