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electronic money

Defined termelectronic money
SourceEMD2
ReferenceArticle 2, point (2)
StatusPublished
Refresh ruleRegenerate after source legal-text changes

(2) ‘electronic money’ means electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making payment transactions as defined in point 5 of Article 4 of Directive 2007/64/EC, and which is accepted by a natural or legal person other than the electronic money issuer;

EMD2, Article 2, point (2).