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Mag - Pay
It can refer to "Magnetic Stripe" (mag-stripe) payments on credit card terminals.
Industry advocates, such as the Airport Restaurant & Retail Association (ARRA) , often argue that simply deferring MAG payments is not a solution because the lost sales from empty terminals can never be recovered to pay back the doubled rent later. Other Uses of "Pay Mag" pay mag
Outside of airport leasing, the phrase may appear in different contexts: It can refer to "Magnetic Stripe" (mag-stripe) payments
When passenger traffic falls below the levels used to set the MAG, operators can find themselves in a "negative cash position," where their rent obligations exceed their total sales. pay mag
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