Auto Balance Conversion definition

Auto Balance Conversion means an automatic conversion plan where selected Cardholders who meet the Eligibility Criteria and other criteria as prescribed by Citibank are auto-enrolled into a program where the Cardholders Outstanding Balances (or part thereof, excluding minimum monthly payment or any payment made toward the Minimum Monthly Payment) in their Cards Accounts are automatically converted into one or more instalment plans at periodic intervals as determined by Citibank, with applicable interest and fees, in accordance with these terms and conditions.
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Auto Balance Conversion means an auto balance conversion for eligible Cardmember by converting the outstanding balances in respect of a Card into a term loan.
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Examples of Auto Balance Conversion in a sentence

  • For Card Instalment Plan, Balance Conversion and Auto Balance Conversion Programme:Cardholders may at anytime settle outstanding principal amount in full by calling in to HSBC Amanah contact center.

  • The minimum credit limit for each card is as follows:- Credit Card Type Auto Balance Conversion (ABC)The ABC allowed cardholder to convert outstanding credit card balances into a 3-year term loan (instalment), at an effective interest rate of not more than 13% per annum.

  • For Card Instalment Plan, Cash Instalment Plan, Balance Transfer Instalment, Balance Conversion Plan and Auto Balance Conversion Programme:Cardholders may at any time settle outstanding principal amount in full by calling in to HSBC Contact Centre.

  • Terma-Terma dan Syarat-Syarat CIMB Islamic Auto Balance Conversion Programme;b.

  • You are required to pay the total outstanding of Auto Balance Conversion amount in full.7. What are the major risks?• Auto Balance Conversion Monthly Instalment must be paid in full on or before due date stated in the credit card statement and forms part of your minimum payment due.

  • For Card Instalment Plan, Cash Instalment Plan, Balance Transfer Instalment, Balance Conversion Plan and Auto Balance Conversion Programme:Cardholders may at anytime settle outstanding principal amount in full by calling in to HSBC Amanah contact center.

  • Credit Card Instalment Plan means all instament plans include but not limited to Card Instalment Plan (IPP), Cash Instalment Plan (CIP), Balance Conversion Plan (BCP) and Auto Balance Conversion (ABC).

  • You will not be charged with any early exit fee should you fully settle the Balance Transfer, CASHXcess, Dial-An- Instalment, Smart Instalment Plan or Auto Balance Conversion before its maturity.

  • Other credit card products availableMore exciting privileges that come with our Credit Cards:(i) Auto Balance Conversion (ABC)(ii) Balance Transfer (BT)(iii) Extended Payment Plan (EPP)(iv) Flexi Payment Plan (FPP)(v) Quick Cash Monthly Instalment(vi) Quick Cash One-Time FeeIMPORTANT NOTE: LEGAL ACTION MAY BE TAKEN AGAINST YOU IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR BALANCE TRANSFER ONE-TIME FEE.

Related to Auto Balance Conversion

  • Date of Conversion Conversion Price:_______________________________________________________________

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Forced Conversion Amount means the sum of (a) 100% of the aggregate Stated Value then outstanding, (b) accrued but unpaid dividends and (c) all liquidated damages and other amounts due in respect of the Preferred Stock.

  • Automatic Conversion means the irrevocable and automatic release of all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Issuer’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the holders of the Securities) or to the relevant recipient, in accordance with the terms of the Securities.

  • New Conversion Price means the amount determined in accordance with the following formula, which shall apply from the QTE Effective Date: NCP = ECP * (VWAPAES / VWAPOS) where: