Collected Balance definition

Collected Balance means funds which are available for immediate withdrawal from the Master Account as stated in the Seller’s funds availability policy;

Collected Balance means the current balance in the Account less the amount of check deposits that Bank is in the process of collecting.

Collected Balance. The Current Balance of the Account, less float.

Examples of Collected Balance in a sentence

• At the end of each Business Day (as defined below), after giving effect to all debits and credits to the Account and/or Secondary Account, (a) There may remain in any or all Accounts (including Master and Secondary Account) an available Collected Balance of funds that is less than the Target Balance.

• Collected Balance‌ Collected Balance is the Ledger Balance minus the amount of any deposited checks for which we have not received provisional credit from the bank of account or are on hold pursuant to our Funds Availability Policy.

• Your Collected Balance may be different than your Available Balance.

• Your Available Balance may be different than your ledger Balance or Collected Balance.

• The Available Balance is reduced from the Collected Balance by 1) the amount of pending transactions, such as a point-of-sale transaction (i.e., debit-card transactions made over a credit-card network); 2) funds on hold in accordance with our Funds Availability Policy; 3) our receipt of notice that a transaction will be presented or returned; 4) our receipt of legal process relating to your account; or 5) your use of your account as a security for a loan.

More Definitions of Collected Balance

Collected Balance means the balance of all deposits in your account for which we have received credit for the deposited funds, determined by the availability schedule of our Federal Reserve Bank for checks and similar items and other factors. The “collected balance” is subject to adjustment at a later time if the credit we received is revoked, such as when a check is returned, charged back to us, or disputed.

Collected Balance means your Balance minus all or part of any check deposit without same-day availability, as noted in the Funds Availability Disclosure.

Collected Balance means the balance in your Account at the close of the Business Day, consisting of cash, wire transfers and electronic deposits, plus those non-cash Items on deposit for which you have received credit, and interest credited to the Account, minus all withdrawals, holds and other debits to the Account. Company refers to any business entity, including a corporation, unincorporated association, partnership, limited liability company or sole proprietorship. Contract refers to the Safe Deposit Box Agreement.

Collected Balance means, at the end of any Business Day, the ledger balance for the Account subject to the Credit Sweep Service minus Float.

Collected Balance is your Account’s balance at the start of each Business Day less amounts from deposited Checks or similar Items for which we are in the process of collecting, but have not yet been collected, from the other financial institution.

Collected Balance means the book balance in a bank account, minus the aggregate amount of all checks and other items of payment in the process of collection, said amount to be computed in accordance with the Bank's standard practices. "Ledger Balance" shall mean the balance reflected on the books of the Bank of the amounts deposited in the Special Collection Account. In addition to the foregoing charges, Bank shall charge Borrower customer demand deposit account charges, including, but not limited to, item charges, bank wire charges, lock box charges, stop payment charges and other charges associated with demand deposit accounts used in financings of this kind.

Collected Balance means the balance of an Account without regard to Holds, uncollected items (i.e., Float), Memo Posted Credits, and Memo Posted Debits.