funds
| Defined term | funds |
| Source | PSD2 |
| Reference | Article 4, point (25) |
| Status | Published |
| Refresh rule | Regenerate after source legal-text changes |
Definition
Section titled “Definition”(25) ‘funds’ means banknotes and coins, scriptural money or electronic money as defined in point (2) of Article 2 of Directive 2009/110/EC;
Source
Section titled “Source”Referenced Definitions
Section titled “Referenced Definitions”EMD2, Article 2, point (2):
(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;
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