Deposit Credit definition

Deposit Credit means a non-monetary credit that may be used towards a future vacation or Combined Deposit, placed on a Member’s account after the Member makes an exchange using a Deposit, Combined Deposit or other Deposit Credit which has a higher Deposit Trading Power than the Exchange Trading Power of the Confirmed Exchange the Member has reserved.
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Deposit Credit is defined in SECTION 4.2(b).
Sample 1

Examples of Deposit Credit in a sentence

  • Upon such reevaluation if the value assigned to the unit of Deposited Vacation Time has increased the Deposit Trading Power of such unit or the associated Combined Deposit or Deposit Credit may be adjusted accordingly.

  • Members may be able to extend the useful life of a Deposit, a Combined Deposit or Deposit Credit by requesting a Deposit extension, in increments of one, three six or twelve months, up to and including a maximum Deposit extension of two years.

  • Custodial Deposit Credit Risk – custodial deposit credit risk is the risk that in the event of a bank failure, the Commission’s deposits may not be returned.

  • The Deposit, Deposit Credit or portion thereof used to make the Confirmed Exchange shall be redeposited into the Member’s RCI account and the Deposit Trading Power of such Deposit, Deposit Credit or portion thereof may be recalculated based on the date of the cancellation.

  • Upon such reevaluation if the symbolic value assigned to the unit of deposited Vacation Time by RCI has increased the Deposit Trading Power of such unit or the associated Combined Deposit or Deposit Credit may be adjusted accordingly.

  • Many authorities have programs in place to manage floodgates and drainage systems to reduce the risk of acid sulphate soil formation, and the export of acidic water.

  • We attempt to capture bank-level heterogeneity by including Core Deposit, Credit Risk, Inefficiency, Capital and Market Share in columns (2) to (6), respectively.

  • Members may be able to extend the useful life of a Deposit, a Combined Deposit or Deposit Credit by requesting a Deposit extension, in increments of one, three, six or twelve months, up to and including a maximum Deposit extension of two years.

  • The Security Deposit Credit Card Form must accompany the signed Acceptance Form or if the participant does not have a credit card, please attach a certified cheque or money order for $100 made out to York University.

  • Certificate of Deposit; Credit Union share certificate; or cashier’s, treasurer’s, teller’s or official check drawn by, or a certified check accepted by, and payable on demand to the State by a bank, a savings institution, or credit union insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration.

Related to Deposit Credit

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Initial Reserve Account Deposit means $3,000,000.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.