Automatic Renewal

Automatic Renewal

A way a business attempts to create residual income in which it sells a certain, stated order to a customer at regular intervals until the customer cancels. For example, an online dating site may renew a membership every 30 days until the client decides not to continue. The term especially applies to memberships and other intangible orders.
Mentioned in ?
References in periodicals archive ?
Department of Commerce for review, after ICANN's Board of Directors in February approved the agreement, which includes automatic renewal terms and up to $1.
2015 and with the possibility of automatic renewal for the years 2016 and 2017.
The secure, online application generates automatic renewal notifications when maintenance contracts are up for expiration; it also allows BEAR Data and their customers to:
The 'AA-' rating on the 2006A certificates also derives from centralized facility operations in the state's Department of Management Services, a certificate reserve fund, as well as the automatic renewal of the leases, subject only to annual legislative appropriation not dependent upon project use and occupancy.
Employees of the hospital association AR, as well as other cantonal organizational units for the period 1 January 2016 until 31 December 2018, with automatic renewal.
Service on this multimillion-dollar contract is expected to commence on December 1, 1999 and be in force for three years with automatic renewal options.
Currently such licenses have a one-year term and are subject to automatic renewal on an annual basis.
Invitation to tender : Detailed task description Social Accident Insurance (LAA without the mandatory insured with SUVA operating parts) for employees of the municipality Herisau for the period 01 January 2016 to 31 December 2018 with automatic renewal.
According to its lead counsel, Michael Dockterman, "Lake County Riverboat seeks a declaratory judgment that the Automatic Renewal Amendment to the Gambling Act is void.
The contract is for one year with automatic renewal for years two and three.
The initial term of the agreement continues through December 31, 2000, and provides for two automatic renewal options for two years each at market rates.
The agreement includes an option for automatic renewal for an additional 12 months.

Full browser ?