Glossary
Pre-authorized debit
An owner's standing authorization for the corporation to pull a regular contribution from a bank account. It is the cheapest way to collect and the one that fails most quietly when a mandate lapses.
Jurisdiction record
What it is called where you are
Ontario
- Pre-authorized debit under Payments Canada Rule H1.
Florida
- The equivalent is an ACH debit.
Product record
Where this shows up in Board Butler
Every term, both jurisdictions
The glossary carries the whole vocabulary a condo or HOA board runs into, with the Ontario and Florida words side by side.