Credit Turnover definition

Credit Turnover means incoming transactions to an account established by the Client pursuant to paragraph 1 of the Terms. Credit Turnover in an account includes incoming payments from another bank (including from abroad), incoming payments from another Sberbank client’s account (including foreign currency) and deposits at the cash counter. Credit Turnover does not include in particular: interest credited, transfers from different accounts of one Client, maturity of term deposits and mortgage bonds, and the drawing of a loan to the account.
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Related to Credit Turnover

  • credit meter means a meter where an account is issued subsequent to the consumption of electricity;

  • Operating Margin Customer means a Control Area purchasing Operating Margin pursuant to an agreement between such other Control Area and the LLC.

  • Credit Score means a composite numerical score scaled from 0-100 as calculated by PJMSettlement that incorporates various predictors of creditworthiness.

  • Credit Risk Manager Fee Rate 0.0125% per annum.

  • Credit Voucher means a document executed by a Merchant evidencing any refund or price adjustment relating to Cards to be credited to a Cardholder account.