Debit Money definition

Debit Money where applicable means the service of DEGIRO whereby DEGIRO allows Client to have a negative balance in money in any currency or the total amount of all negative balances in money, expressed in the currency in which the Personal Page is denominated.
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Examples of Debit Money in a sentence

  • The applicable Debit Money Limit is specified in the document Security Value, Risk, Debit Money and Debit Securities in the Investment Services Information.

  • An explanation of Security Value, Risk and Limits is given in the document Security Value, Risk, Debit Money and Debit Securities in the Investment Services Information.

  • The applicable Debit Securities Limit is specified in the document Security Value, Risk, Debit Money and Debit Securities in the Investment Services Information.

  • Further details on the procedure when Limits are breached are given in the document Security Value, Risk, Debit Money and Debit Securities in the Investment Services Information.

  • If only the Debit Money Limit is breached at any moment and this breach is solely the direct result of the collection by DEGIRO of its own compensation, a term of ten Trading Days applies before DEGIRO will close or sell positions of Client to undo the breach.

  • If Client wants to be allowed to have a negative balance in money with DEGIRO, then Client must enter into the Appendix Debit Money with DEGIRO besides and in addition to the Investment Services Agreement.

  • Client is not permitted to have a negative balance in money in any currency on the Personal Page unless XXXXXX has agreed to provide Debit Money and an Appendix Debit Money applies between Parties in relation to that Personal Page.

  • In cases arising, this could mean that Client has to close positions in Financial Instruments directly or to limit the use of Debit Money or Debit Securities.

  • If client makes use of the Foreign Currency Cash Account, it is the responsibility of Client to timely have available sufficient balance in the Foreign Currency Cash Account in the required Foreign Currency or credit space under an Appendix Debit Money in order to fulfil its payment obligations in such Foreign Currency.

  • It is then the responsibility of Client to timely have available sufficient balance in the Money Market Fund in the required Foreign Currency or credit space under an Appendix Debit Money in order to fulfil its payment obligations in such Foreign Currency.

Related to Debit Money

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • trust money means money held in trust on behalf of third parties in a trust contemplated in terms of Section 12 of the Act.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Loss Proceeds Account has the meaning set forth in Section 3.3(a).

  • E-Money means electronic money as defined in the SI No. 183/2011 – European Communities (Electronic Money) Regulations 2011.

  • Xxxxxxx Money shall have the meaning assigned thereto in Section 2.3.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Security Amount means an amount equal to:

  • Insurance Proceeds Account has the meaning given to such term in the Accounts Agreement.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Proceeds Account means a bank account of the Issuer, into which the Net Proceeds from the Initial Bond Issue will be transferred and which has been pledged in favour of the Agent and the Bondholders (represented by the Agent) under the Proceeds Account Pledge Agreement.

  • Security Deposits shall have the meaning set forth in Section 5.1.17(e) hereof.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Escrow Deposit has the meaning set forth in Section 3.3.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Debit Payment means a particular transaction where a debit is made.

  • Sums on deposit means the balance payable on a multiple-party account including interest, dividends, and in addition any deposit life insurance proceeds added to the account by reason of the death of a party.

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.