Common use of Face Amount Clause in Contracts

Face Amount. The term "Face Amount" means the cash price for the goods sold and/or services rendered to a Customer, less any down payment paid by a Customer, plus any taxes imposed on such sales transaction.

Appears in 2 contracts

Sources: Processing Agreement (Towne Services Inc), Processing Agreement (Towne Services Inc)

Face Amount. The term "Face Amount" means the cash price for the goods you sold and/or services you rendered to a Customer, less any down payment downpayment paid by a Customer, plus any taxes imposed on such sales transaction.

Appears in 1 contract

Sources: Merchant Services Agreement (Towne Services Inc)