Deposit Funds definition

Deposit Funds any funds added to the Pledged Deposit Account Fees: a charge to your Account for a specific service or transaction you place not based on the APR. Interest: a charge to your Account based on the application of the APR on the amount you borrow New Balance: the outstanding balance at the end of a Billing Cycle. Payment Address: address where a check, money order, or other physical Account payment may be sent, as shown on the first page of the Account Statement. Pending Transactions: authorized Transactions that are not yet reflected in your Account balance. Pledged Collateral: the total value of your Deposit Funds Pledged Deposit Account: the account which holds the Security Deposit you provide to open the Account. Prime Rate: the base interest rate used by a bank for consumer lending, influenced by interest rates set by the Federal Reserve Purchase: A Transaction where you buy or lease goods or services using your Card/Account Number. Statement Check: a check issued from another creditor for the purpose of balance transfer or pay-off. Transaction: the purchase of goods and/or services; benefits or reservations for lodging, transportation, or other accommodations; receiving Cash Advances by use of the Card or Account; any other security by use of the Card or Account that would otherwise require monetary payment. If you have any questions about this Agreement or your Card, please contact Customer Service at the phone number on your Account Statement or on the back of your Card.

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Deposit Funds any funds added to the Pledged Deposit Account Fees: a charge to your Account for a specific service or transaction you place not based on the APR. First Year: the date beginning with the issuance of your card and ends the day immediately preceeding 12 months from that date. Interest: a charge to your Account based off the application of the APR. New Balance: the outstanding balance at the end of a Billing Cycle. Payment Address: address where a check, money order, or other physical Account payment may be sent, as shown on the first page of the Account Statement. Pending Transactions: authorized Transactions that are not yet reflected in your Account balance. Pledged Collateral: the total value of your Deposit Funds. Pledged Deposit Account: the account which holds the Security Deposit you provide to open the Account. Prime Rate: the base interest rate used by a bank for consumer lending, influenced by interest rates set by the Federal Reserve. Purchase: a Transaction where you buy or lease goods or services using your Card/Account. Statement Check: a check issued from another creditor for the purpose of balance transfer or pay-off. Transaction: the purchase of goods and/or services; benefits or reservations for lodging, transportation, or other accommodations; receiving Cash Advances by use of the Card or Account; any other security by use of the Card or Account that would otherwise require monetary payment. If you have any questions about this Agreement or your Card, please contact Customer Service at the phone number on your Account Statement or on the back of your Card.

Deposit Funds shall have the meaning ascribed to it in Section 10 herein.

Examples of Deposit Funds in a sentence

• If you do not pay your Account balance as and when due, or you or we decide to close your Account for any reason, you authorize us to apply any or all of the Deposit Funds to your outstanding Account balance.

• By obtaining this Account, you agree to open a deposit account at the Deposit Bank to hold your Deposit Funds, which are funds used to secure the obligations to us that you incur in connection with your Account.

• You will receive any Deposit Funds due to you when we are reasonably assured that the remaining Deposit Funds fully secure your obligations to us, including your Account balance and any Pending Transactions.

• If you default under this Agreement (see Section 12) and we exercise our rights as a secured creditor with respect to the Pledged Collateral, but the outstanding Account balance exceeds the Deposit Funds, you are and will remain liable for the difference, plus any further Fees and Interest that may subsequently accumulate, until the Account balance is paid in full.

• We will close the Pledged Deposit Account after your credit privileges are terminated and all amounts owed to us are repaid in full and return to you any Deposit Funds that remain.

More Definitions of Deposit Funds

Deposit Funds means any and all financial assets, funds, monies, checks or other items, including all Permitted Investments.

Deposit Funds. Shall have the meaning ascribed thereto in Section 12.3.1 of this Agreement.

Deposit Funds means the Chapter 537 Reserve Fund, the Late Charges Reserve Subfund, the Interest Escrow Fund and the No-Call Prepayment Fund and “Deposit Fund” means any one of such funds.

Deposit Funds has the meaning set forth in Section 1.6(b).

Deposit Funds shall have the meaning set forth in Section 2.1(b).

Deposit Funds means the sum of (i) the Initial Deposit Amount and ------------- (ii) interest earned or dividends paid on the funds in the Account (including holdings of Marketable Securities).

Deposit Funds has the meaning set forth in Section 1 of the Deposit Agreement.