heat energy transmitted by electromagnetic waves in contrast to heat transmitted by conduction or convection. A molecule of carbon dioxide traps heat, radiant heat, the long wave end of the spectrum. The substances, how-r, which show themselves thus opaque to radiant heat perfectly transparent to light.
Interchange plus pricing for credit card acceptance is where a merchant service provider's fee is added to Visa, MasterCard or Discover's actual rate for each transaction.n an interchange plus pricing model, a fixed markup in the form of a percentage (or basis points) is added to the actual interchange rate for a given transaction.
DEFINITION of 'Competitive Pricing'. Setting the price of a product or service based on what the competition is charging.Competitive pricing is used more often by businesses selling similar products, since services can vary from business to business while the attributes of a product remain similar.REAKING DOWN 'Competitive Pricing'. Businesses have three options when setting the price for a good. They can set it below the competition, at the competition or above the competition.