Master Billing Statement definition

Master Billing Statement is a consolidated statement of account issued by the Bank in respect of the Card Accounts of all specified individual Cardholders under each and every of the Programme stating the current balance thereof and the payment due for the specified period.
View Source

Examples of Master Billing Statement in a sentence

  • If full payment of the current balance specified in the Master Billing Statement or the Cardholder’s billing statement is not made by the payment due date indicated therein, daily interest will accrue and be payable at the rate determined by the Bank.

  • If the Bank does not receive full payment of the current balance specified in the Master Billing Statement of account on or before the payment due date stipulated therein, the business member must pay daily interest at the retail interest rate# of 26.9% per annum and cash interest rate# of 26.9% per annum.

  • For Citi Corporate Cards (Sole Corporate Liability), a monthly late payment charge or such other charges as determined by the Bank and notified to the Company from time to time, will be imposed on the Company if the Bank does not receive full payment of the amount set out in the Master Billing Statement by the payment due date indicated therein.

  • All such charges and fees shall be paid by the Company (and/or the Cardholder, as may be relevant) by the next payment due date as stipulated in the Master Billing Statement or the Cardholder’s billing statement.

Related to Master Billing Statement

  • Billing Statement has the meaning assigned to such term in Section 2.18(g).

  • Filing Statement means all UCC financing statements or other similar financing statements and UCC (Form UCC-3) termination statements required pursuant to the Loan Documents.