Business Overdrafts definition
Business Overdrafts shall have the meaning set forth in the recitals.
Examples of Business Overdrafts in a sentence
For Business Overdrafts, the commission amount paid will be 0.50%, inclusive of GST, of 50% of the approved overdraft limit, subject to the maximum commission amount set out below.
The maximum commission amount payable in relation to an Applicant is, in relation to Business Lending Products (other than NAB Invoice Finance), a total of $25,000 provided that no more than $12,500 in total will be paid in relation to Business Overdrafts.