Covered Contractual Payment Entitlement Law and Legal Definition
According to 12 USCS § 4402 (4), the term covered contractual payment entitlement means--
“ (A) an entitlement of a financial institution to receive a payment, subject to a netting contract from another financial institution; and
(B) an entitlement of a member of a clearing organization to receive payment, subject to a netting contract, from another member of a clearing organization of a covered clearing obligation.”
Legal Definition list
- Covered Commodity
- Covered Clinical Study [Food and Drugs]
- Covered Clearing Obligation
- Covered Class Action
- Covered Civil Action
- Covered Contractual Payment Entitlement
- Covered Contractual Payment Obligation
- Covered Data [Federal Railroad Administration]
- Covered Employee (Health Care)
- Covered Entity
- Covered Entity (Health Care)
