How would you define "Wallet Account" in a legal contract? (2024)

FAQs

How would you define "Wallet Account" in a legal contract? ›

Wallet Account means a wallet account or other account for Digital Assets maintained at a qualified custodian in the name of the Borrower governed by the terms of a Digital Wallet Agreement, or such other wallet or account for Digital Assets as may be agreed to by the Administrative Agent and the Borrower in writing ...

Wallet Account means a digital or electronic account, designated with a specific identification number, used for the deposit, delivery, withdrawal, and storage of digital or electronic assets.

: a folding pocketbook with compartments for personal papers and usually unfolded paper money. also : billfold. b.

Smart contract wallets are considered decentralized applications (DApps) as they are built on a blockchain and enable users to manage their digital assets using smart contract technology. These wallets provide users a means to keep crypto assets in self-custody.

Digital wallets and bank accounts can both help you store and spend money. However, digital wallets are primarily meant as a replacement for the physical cards, keys and passes that you might otherwise need to carry. Bank accounts are offered as a safe place to keep your savings.

Share of wallet is the amount an existing customer spends regularly on a particular brand rather than buying from competing brands. Companies grow wallet share by introducing multiple products and services to generate as much revenue as possible from each customer.

A digital wallet is a virtual storage space for your payment information that allows you to make online transactions. Some examples of digital wallets include Paytm, PhonePe, Google Pay and Amazon Pay.

Definition: E-wallet is a type of electronic card which is used for transactions made online through a computer or a smartphone. Its utility is same as a credit or debit card. An E-wallet needs to be linked with the individual's bank account to make payments.

A wallet is a flat case or pouch, often used to carry small personal items such as physical currency, debit cards, and credit cards; identification documents such as driving licence, identification card, club card; photographs, transit pass, business cards and other paper or laminated cards.

What is the wallet address of a contract? ›

A wallet address is used for sending, receiving, and holding both native and non-native digital assets, while a contract address is only associated with its creator, the smart contract itself, and its functionality.

These are unique cryptographic signatures that are used to verify the ownership of a wallet. When you interact with decentralized applications (dApps) on the Web3 platform, you typically do so by cryptographically signing interactions via your wallet.

Learn more. Generally, Google Pay was used to send and receive money between people, sync and view activity on credit / debit cards, and take advantage of coupon offers. Google Wallet is used to store credit cards, loyalty cards, etc., and can be used to pay at stores that accept Google Pay.

A Wallet Account acts like a Card Account or Bank Account. When making a payment within your platform, the ID of the Wallet Account simply needs to be passed through to Make Payment.

The origin of the word Wallet can be traced back from the ancient Greek word Kibisis which was the word used to describe the sack carried by the God Hermes. Kibisis has historically been translated as Wallet.

A wallet import format (WIF, also known as a wallet export format) is a way of encoding a private ECDSA key so as to make it easier to copy.

A mobile wallet is a digital way to store credit, debit, ID, and gift cards so that purchases can be made using a mobile smart device rather than a physical card.