Abbreviations

Results for query payment claim

term
payment claim (PC)
definition

recurring statement referring to concluded billing details made available to the payer by the payee indicating and justifying the amount due

NOTE 1 to entry The payment claim is used by the Toll Service Provider to issue financial objects to its customers (e.g. invoices on behalf of the Toll Charger). A given toll payment claim refers to billing details and takes into account any specific commercial conditions applicable to a vehicle, a fleet of vehicles, a customer of a Toll Service Provider and/or a Toll Service Provider. A valid “payment claim” has to fulfil formal requirements, including security requirements, agreed between the Toll Service Provider and the Toll Charger.