What does aggregate mean in payments?
Asked by: Dr. Merle Eichmann V | Last update: September 12, 2025Score: 4.9/5 (7 votes)
What does aggregated monthly payment mean?
Aggregate Monthly Payment means, with respect to any Monthly Calculation Period, a payment representing a fee for outstanding Repo-style Transactions and interest on outstanding Funding Loans in an amount equal to the sum, for each calendar day in such Monthly Calculation Period, of the product of (i) the outstanding ...
What does aggregate mean in finance?
Aggregation is the consolidation of an individual's financial data from multiple institutions to one singular institution. Account aggregation, as a finance management concept, is typically completed by an individual's financial planner to create cohesion, clarity, and simplicity.
What is the aggregate amount of payments?
The "aggregate amount" the payor must pay under the suit or agreement is the payor's total payment amount including the payor's costs to provide services or to provide property.
What is the aggregate payment approach?
The aggregate payment approach in human resource accounting was developed by S. K. Chakraborty. The value of human resources is the function of the average salary of the employees and their average employment tenure in the organization. This is the essence of the aggregate payment model.
What Is Aggregate Insurance? : Insurance Questions
What is an aggregate payment?
Aggregate Payments means, with respect to a Contributing Guarantor as of any date of determination, the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty Agreement (including, without limitation, in respect of this paragraph 2) and ...
What is an aggregator in payments?
A payment aggregator is a service provider that allows businesses to process card payments and mobile transactions without setting up a merchant account with a bank or card network. Instead, the aggregator manages one merchant account and combines all its clients under this umbrella account.
What does aggregate amount mean?
noun. a sum, mass, or assemblage of particulars; a total or gross amount: the aggregate of all past experience.
What is the aggregate payment model?
Payment aggregation model allows software providers to function as payment service providers using either payment processor integration or some white label payment gateway offering, which they use under their own brands.
What does it mean to aggregate transactions?
Aggregate transactions merge multiple transactions into one, allowing trustless swaps, and other advanced logic. Symbol does this by generating a one-time disposable smart contract. Example of an Aggregate Transaction between two participants.
What is an aggregate example?
aggregate noun [C or U] (TOTAL)
something formed by adding together several amounts or things: aggregate of They purchased an aggregate of 3,000 shares in the company. Snowflakes are loose aggregates of ice crystals.
What does aggregate mean in payroll?
Total aggregate payroll, as such term is used in the Act, includes bonuses, incentive pay, and other compensation paid to an employee which is included in the employees Form W-2 “Wage and Tax Statement”.
What is an aggregate in terms of money?
Monetary aggregates are a formal way of measuring the total sum of money in an economy and a key reference for monetary policymaking.
What is aggregate payouts?
As used within this regulation, “aggregate payout limit” means a maximum payoff amount that will be paid by a licensee to two or more patrons as the result of winning wagers resulting from any single call of the game or hand of play.
What is a monthly aggregate?
Monthly aggregate is the sum or average of all the data points over a month's time period. By breaking down the data points by month it is much easier for business teams to deduce insights and identify trends.
What is billing aggregation?
Bills from Multiple Sources: Billing aggregators collect bills from various service providers and aggregate them into one platform or statement. This could include electric, water, gas, phone, internet, and cable bills, among others.
What is a payment aggregate?
Payment aggregator: Allows businesses to accept various payment methods, including credit cards, debit cards, digital wallets, and alternative payment options, all through a single integration. It simplifies the acceptance of multiple payment types for businesses.
What does pay in aggregate mean?
Aggregate Salary means the annual salary as shown in the Pay Schedules to this Agreement. It excludes casual loading and all allowances.
What is the aggregate rent payment?
More Definitions of Aggregate Rent
Aggregate Rent . All Minimum Rent, Common Area Maintenance, Taxes, Insurance and all other costs, expenses, sums, amounts, and charges payable or reimbursable under this Lease by Tenant.
What is aggregate in banking?
What does aggregate mean in accounting and finance? Account aggregation refers to the process of collecting data from multiple financial accounts and compiling – or aggregating – them into a single place. You may already be familiar with account aggregation if you have more than one business account with a single bank.
What is aggregate used for?
Essentially, they are the most basic material used in construction. They provide the foundation for roads, bridges, and buildings, while also making up over 90% of an asphalt pavement and up to 80% of a concrete mix. On average, 38,000 tons of aggregates are necessary to construct one lane mile of interstate highway.
What does per aggregate mean?
A per project aggregate allows the general aggregate limit to apply to each individual project a contractor works on. So, if you have a $2,000,000 general aggregate limit with a per project aggregate, that means that you have $2,000,000 of coverage for each project you work on, subject to the each occurrence limit.
What are the risks of payment aggregators?
Risk of Account Holds and Terminations: Payment aggregators manage risk and fraud prevention on behalf of their merchants. However, they also have the authority to impose account holds, freezes, or even terminate merchant accounts in response to suspected fraudulent activity or violation of their terms of service.
How do aggregators get paid?
Revenue Models Comparison
Marketplaces and aggregators have different ways to earn money. Marketplaces may charge transaction fees, subscriptions, or ad fees. Aggregators might take commissions from providers or charge for premium listings. Knowing the differences helps choose the right model for a business.
What is the difference between payment bank and payment aggregator?
A payment gateway is a secure network that acts as an intermediary between the merchant and the bank. In contrast, a payment aggregator is a solution that simplifies the end-to-end online payment process.