Define: Net Purchase
Net Purchase means charges for bought goods or services, after credits and adjustments, not inclusive of charges like fees and interest.Net Purchase means the earned points computed on account charges, excluding returns, fees, interest, and adjustments.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Net Purchase means charges for bought goods or services, after credits and adjustments, not inclusive of charges like fees and interest.Net Purchase means the earned points computed on account charges, excluding returns, fees, interest, and adjustments.
Relevant Circumstances
- When a rewards or rebate programme calculates earnings net of returns and fees
- If chargebacks, adjustments or interest are excluded from points calculations
- Where contractual definitions of qualifying spend exclude finance charges
Relevant Sectors
- Finance
- Trade & Commerce
- Legal Services