Define: Bill Payment

How is Bill Payment defined in a legal contract?

• Bill Payment means an online service that allows the scheduling of bills to be paid using personal technologies, like a computer or mobile device. Seen in 38 SEC filings
• Bill Payment means the act of paying bills to various types of providers or authorities using a specific available service or channels. Seen in 24 SEC filings
• Bill Payment means the remittance of funds initiated through an online banking service from a specific account to the recipient. Seen in 14 SEC filings
• Bill Payment means a type of money transfer where an intermediary accepts funds from a person to transmit to a merchant in payment of an account. Seen in 12 SEC filings
• Bill Payment means the electronic bill showcasing a barcode, QR code, or PIN Code for the payment of commodities and services, which the client remunerates with the specific transactional amount at a service counter. Seen in 9 SEC filings
• Bill Payment means the procedure of payment by which the payment to a designated recipient is made based on the given instructions. Seen in 6 SEC filings
• Bill Payment means the remittance of funds, initiated through the Bill Payment Service, to a recipient. Seen in 5 SEC filings

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Bill Payment means a service using personal technology to schedule bills.

Relevant Contract Types

• Service Agreement
• Vendor Agreement
• Master Services Agreement

Relevant Circumstances

• Digital subscription services
• Utility services
• Telecommunications contracts

Relevant Sectors

• Technology
• Utilities
• E-commerce

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Genie Definition 2

Bill Payment means the act of remitting funds to providers via a specified service.

Relevant Contract Types

• Subscription Agreement
• Software as a Service (SaaS) Agreement

Relevant Circumstances

• Regular payment for services or products
• Timely payment for energy utilities
• Regular payments to ecommerce platforms

Relevant Sectors

• Telecommunication
• Financial Services
• Real Estate

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Genie Definition 3

Bill Payment means conveying money through an intermediary for account settlement.

Relevant Contract Types

• Bank Service Agreement
• Payment Agent Agreement

Relevant Circumstances

• Making payment for credit card bills
• Settlement of loans
• Settlement of invoices from providers

Relevant Sectors

• Banking
• Finance
• Investment

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