Glossary

Payment Restrictions

PR means the limitation of payment which can’t be exceeded by both parties of the deal or the set of regulations that can’t be violated. There are many alternatives to limit the payments from trader’s side, among them restrictions about the time, single transaction or particular aspects of the payment.

The term is commonly used in bank loan negotiations which involve dividends, repurchase and many others. Such contracts usually include the conditions that restrict the payments. The exception is the file with actions which are allowed.

It is a perfect method for a merchant to create some limitations for purchasing in his/her online store. These restrictions can be connected with the minimal or maximal transaction, various payment system restrictions and others.

Examples:

This online shop has too many payment restrictions. I will better search for another one.

This organization is not going to create any restricted payments.

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