Statement of Transaction definition
Examples of Statement of Transaction in a sentence
Observe the sections of the Contract called Statement of Transaction, the Buyer and Seller, and Equipment, confirming that all printed sections are legible and that there are no blank spaces.
Observe the section of the Contract called Statement of Transaction, confirm each line has a dollar amount, a percentage or provides “N/A”.
Upon agreeing to finance a particular item of inventory for Dealer, DFS will send Dealer a Statement of Transaction identifying such inventory and the applicable financial terms.
The "Daily Rate" is the quotient of the annual rate shown on the Statement of Transaction divided by 360, or the monthly rate shown on the Statement of Transaction divided by 30.
Dealer will pay finance charges to DFS on the outstanding principal debt which Dealer owes DFS for each item of Collateral financed by DFS at the rate(s) shown on the Statement of Transaction identifying such Collateral, unless Dealer objects thereto as provided in Section 2.
The "Average Daily Balance" is the quotient of (i) the sum of the outstanding principal debt owed DFS on each day of a billing period for each item of Collateral identified on a Statement of Transaction, divided by (ii) the actual number of days in such billing period.
The "Daily Rate" is the quotient of the applicable annual rate provided herein or in any Statement of Transaction divided by 360.
The "Average Daily Balance" is the quotient of: (i) the sum of the outstanding principal debt owed DFS on each day of a billing period for each item of Inventory identified on the Statement of Transaction, divided by (ii) the actual number of days in such billing period.
Upon agreeing to finance a particular item of Inventory for Borrower, DFS will send Borrower a Statement of Transaction identifying such inventory and the applicable financial terms ("Statement of Transaction").
Notwithstanding anything herein to the contrary, CDF may rely on any facsimile copy, electronic data transmission, or electronic data storage of: this Guaranty, any agreement between CDF and Dealer, any Statement of Transaction, billing statement, financing statement, authorization to pre-file financing statements, invoice from a vendor, financial statements or other reports, which will be deemed an original, and the best evidence thereof for all purposes.