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Accretion also abounds as another mode of acquiring a territory under the traditional international law. Notably, accretion involves the effect of natural forces such as volcanism. For instance, in cases where natural activities such as volcanism takes place and volcanic islands emerge in a stateâs territorial waters, it would have the right to acquire territory.
TERM DEFINITION Acquirer Third-party service provider that acquires and processes payment transactions for merchants, manages the relationship with the global and regional payment networks on the merchantâs behalf (including interchange qualifying, chargeback disputes and fees to networks and issuers), and manages the transaction database. The acquirer connects merchant transactions to payment networks by (1) providing. the POS device; and/or (2) securely routing transaction from POS device or from POS payment gateway to. payment network; (3) managing transactions from authorization to clearing to settlement.