Payment service Definition | Legal Glossary | LexisNexis (2024)

GLOSSARY

What does Payment service mean?

Payment service includes credit card payments; payments into, and withdrawals from, ATM machines or over the counter; direct debits, including one-off direct debits; transferring e-money; payment transactions executed through a payment card or a similar device; credit transfers, including standing orders, BACS and CHAPS payments; and money remittance.It does not include cash-back services; cash payments directly between a payer and a payee without an intermediary; payment transactions through commercial agents; bureaux de change services; and certain services provided by technical service providers.

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Dealing with freelance solicitors From 25 November 2019, the SRA Standards and Regulations introduced a new method of practising: the...

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EU and UK Wire Transfer Regulations—timeline [Archived] ARCHIVED:This Practice Note is archived and is no longer maintained. This timeline outlines...

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Funds are received from a bank in an estate. There is a gift in the Will of monies in a specific account at that bank, but the bank are not able to provide information regarding whether the funds came from the specific account or another account, since they have deleted their records. Is there any process that can be undertaken to clarify whether or not the gift is payable or will fail?

Funds are received from a bank in an estate. There is a gift in the Will of monies in...

Do UK payment service providers need to comply with the information requirements laid down in Regulation (EU) 260/2012 (the SEPA Regulation), where applicable, in addition to the payment account number of both the payer and the payee or the unique transaction identifier pursuant to Article 5(1) of Regulation (EU) 2015/847, where all PSPs involved in the payment chain are established in the European Economic Area?

Do UK payment service providers need to comply with the information requirements laid down in Regulation (EU) 260/2012...

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This week's edition of Financial Services weekly highlights includes: Payment for investment research: FCA consults on plans to extend options;...

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This week's edition of Tax weekly highlights includes: (1) Regulations relating to the postponed start date of Making Tax Digital...

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Payment service Definition | Legal Glossary | LexisNexis (1)

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Payment service Definition | Legal Glossary | LexisNexis (2024)

FAQs

What is the definition of legal terminology? ›

Legal terminology, also known as legal jargon, is the language utilized by legal professionals. Jargon is a specialized language used in a particular profession or area of expertise.

What are common words used in court? ›

The following definitions will make it easier for you to understand common legal words and phrases used frequently during a trial.
  • Action, Case, Suit. A legal dispute brought into court for a hearing or trial.
  • Answer. ...
  • Acquit. ...
  • Cause of Action. ...
  • Challenge for Cause. ...
  • Closing Argument. ...
  • Complaint. ...
  • Counterclaim.

What is the judge's final decision called? ›

judgment - The official decision of a court finally determining the respective rights and claims of the parties to a suit.

What does defendant mean in legal terms? ›

Defendant. In a civil case, the person or organization against whom the plaintiff brings suit; in a criminal case, the person accused of the crime.

How do you define terms in a legal document? ›

First, a contract may have the defined terms listed in a standalone section typically found at the beginning of the agreement. A second option is to embed the definitions throughout the agreement. Using this method, the first time that the word is used, there is a definition that follows it.

What does the word and mean in legal terms? ›

It has a definite, agreed-upon meaning: when used properly, the construct means “A or B or both.” In most areas of law, there simply is no compelling reason to avoid using and/or. The term is clear and concise. It derives criticism mainly from the inability of people to use it correctly.

What not to say in court? ›

Don't mumble; speak loudly enough to be heard by everyone in the room. Don't lie about anything, not even white [small] lies. If you are discovered to be lying, the judge may find it hard to believe you when you are telling the truth. Don't argue with the questioner.

What do lawyers say when they don't agree? ›

A lawyer should say “Objection,” and then state only the legal grounds (such as “Objection, hearsay” or “Objection, relevance”) and wait for guidance from the court.

Can words be used against you in court? ›

Anything you say may be held against you in a court of law. You have the right to consult your lawyer and insure his presence at your interrogation. If you want a lawyer and can't afford one, one will be appointed to you.

What does SCR mean in a court case? ›

State Case Registry (SCR) :: Legal Dictionary :: Justia. Justia Legal Dictionary State Case Registry (SCR)

What is the rule four? ›

The “rule of four” is the Supreme Court's practice of granting a petition for review only if there are at least four votes to do so. The rule is an unwritten internal one; it is not dictated by any law or the Constitution.

What does "voir dire" mean literally? ›

The phrase "Voir Dire" literally means, "to speak the truth." In court, it refers to a process of determining whether a juror can serve fairly and impartially in a given case by asking the juror various questions.

What does Ctrl mean in disposition? ›

CTRL might mean court trial or court release.

What does "standing silent" mean? ›

Standing mute or silent means a defendant does not take a stance on being guilty or not guilty; they remain silent pursuant to rights guaranteed by the 5th Amendment.

What does exculpatory mean? ›

exculpatory • \ek-SKUL-puh-tor-ee\ • adjective. : tending or serving to clear from alleged fault or guilt. Examples: The DNA found at the crime scene proved to be exculpatory; it did not match that of the defendant, and so he was acquitted. "

What does terminology mean? ›

1. : the technical or special terms used in a business, art, science, or special subject. 2. : nomenclature as a field of study.

Why is it important to understand legal terminology? ›

A single term can significantly alter the interpretation of a law or a case. Therefore, understanding legal terminology is critical. Legal dictionaries provide this understanding, making them a fundamental starting point for any legal research task, particularly when venturing into an unfamiliar area of law.

What are legally defined terms? ›

Consistent with the phrase, a defined term is a word or term, often capitalized or otherwise distinguished from other text throughout the agreement, that is to be read to include the particular meaning given to it in the agreement.

What does its mean in legal terms? ›

Sometimes we use the word “Its” instead of “title.” It is intended to designate what position the signer holds at the company, in order to give evidence that this person is authorized to sign on behalf of the company.

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