Q: Per terms of agreement on my credit card statement(s), the coupon on my billing statement is referred to as what?
6(a) payment instructions. Payments that are marked "paid in full" and that are of an amount less than the balance on the credit card account, or that are marked with any other RESTRICTIVE ENDORSEMENTS, should be sent to blah blah Credit Card Division.
Clearly this is talked about the bill of exchange act, negotiable instruments act. As well as the federal reserve act 16 sections 1 & 2 ending with section 29.
The coupon on every billing statement is referred to as which of these?:
1. Registered bond
2. Registered coupon
3. Bearer bond
4. Coupon bond
Or something else? Thank you.
A:
Unfortunately I do not have access to the specific terms of agreement on your credit card statement. Credit card companies typically refer to the payment slip or section on the statement as the "payment coupon" or just "coupon." It is not generally referred to as a bond, registered or bearer.
The coupon/payment slip allows you to indicate how much you are paying and provides the address or instructions on where to send the payment. It may also include reference numbers or other payment details to help the card issuer match and apply the payment properly.
Without seeing your specific statement, my best guess would be that the terms simply refer to the payment slip or section as the "payment coupon" or "coupon."
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