Cash in Transit definition

Cash in Transit means all forms of monies as defined in these regulations being remitted or transferred from one office or place to another;
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Cash in Transit means, as of any date of determination, the aggregate amount of receivables of the Company and its Subsidiaries from payment processors (for debit card collections and other sources).
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Cash in Transit means the collection, delivery or transportation of Physical Cash;
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Examples of Cash in Transit in a sentence

  • Keep a copy of the check and report it on line 6.7, as Cash in Transit, (see Chapter 15, section 1506) on the SF 1219 until the cash is received.

  • Cash lodgements, which meet required presentation standards, delivered directly to our cash centre by a Cash in Transit carrier may qualify for a discount on the standard fees outlined in this brochure.

  • Our insurance policies cover Cash in Transit, Fidelity Guarantee, physical loss or damage to our stock, building and other assets arising from a number of specified risks including fire and burglary.

  • The bidder should have been in Cash in Transit (CIT) &/or Cash Processing services in India for at least 3 years as on 1st April, 2021.3.6.4 The bidder should have minimum average annual turnover of Rs.5.00 Crores from the cash management / cash in transit business during last three financial years starting 2018-2019.

  • Originating from a class of business called Cash in Transit Insurance, the modern money policy covers various forms of money in various locations.


More Definitions of Cash in Transit

Cash in Transit means the transport of cash.
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Cash in Transit means cash, cheques, postal orders, money orders and other negotiable documents of value being remitted or transferred from one office or place to another;
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Cash in Transit means the collection, delivery or transportation of Physical Cash; “Cash Pool Facility” has the meaning given in Clause 5.2.4;
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Cash in Transit. All cash or coins (or funds in deposit accounts traceable to or resulting from such cash or coins) that are (a) located inside a Coinstar Unit, (b) in transit between a Coinstar Unit and a coin processing center, or (c) located at a coin processing center of Borrower.
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Cash in Transit means, at any time with respect to each Borrower, all collected funds in any Depositary Account (i) attributable to such Borrower, (ii) subject to a Depositary Account Agreement and (iii) as from time to time reported to such Borrower in a daily account summary provided by a Depository Bank to Borrower or Funds Administrator and attached to the then current Borrowing Base Certificate.
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Cash in Transit means any asset on the Company's or a Restricted Subsidiary's balance sheet representing money due for the sale of (i) Manufactured Homes, (ii) any motor homes, travel trailers, camper units or recreational vehicles taken in trade-ins only and (iii) any furnishings, furniture and accessories used therewith or attached or connected thereto for which a financing commitment has been obtained (which commitment provides for a closing and funding not more than 60 days after the date of such commitment) and a down payment has been received by the Company or such Restricted Subsidiary from the purchaser thereof.
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Cash in Transit means cash which is in transit which is properly due and owing to a member of the Group and in any event which will be received by a Group member in cash within ten Business Days of the relevant calculation.
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