Overdraft definition
Overdraft means any payment or transfer of funds on behalf of a Fund or series of a Fund for which there are, at the close of business on the date of such payment or transfer, insufficient funds held by the Custodian on behalf of such Fund or series thereof.
Overdraft means a negative Available Balance.
Overdraft means any Liabilities that result in the Transfer Accounts being overdrawn.
Examples of Overdraft in a sentence
Each Operating Accommodation (other than by way of Overdraft) shall require delivery of a Borrowing Notice to the Operating Lender at or prior to 10:00 a.m. (Calgary time) on the last day on which such notice can be given pursuant to this Section 3.6, substantially in the form of Schedule "B".
The Borrower agrees not to effect any Overdraft hereunder which would cause the Operating Borrowings to exceed the Operating Facility Amount, from time to time, and acknowledges that the Operating Lender reserves the right to refuse to honour any Overdraft hereunder which, in the opinion of the Operating Lender, would have the effect of causing the Operating Facility Amount to be so exceeded.
The Borrower may also obtain Prime Loans and U.S. Base Rate Loans from the Operating Lender by way of Overdraft in any amount and without notice.
More Definitions of Overdraft
Overdraft means a negative balance in your account that results when the available funds in your account are less than the amount of any Item(s) that are presented for payment and paid by the Bank.
Overdraft means the available balance in your account is insufficient to pay for a transaction at the time the transaction is presented to MSUFCU for payment. Should an overdraft occur and you have overdraft protection, then we may honor the transaction and transfer the amount of the overdraft from your other share accounts or, if applicable, a line of credit, Visa Credit Card and/or home equity plan up to your approved limit. Transfers from your savings account(s), will be made in increments of $100.00 and deposited to your checking account to cover an overdraft. If funds are not available from these sources, then we may decline to authorize or pay for the transaction, or we may pay it using our Courtesy Pay or Courtesy Pay for Debit services. Courtesy Pay applies when MSUFCU pays overdraft checks, Automatic Clearing House (ACH) transactions, recurring debit card transactions, and xxxx pay transactions. Courtesy Pay for Debit applies when we pay overdraft everyday debit card transactions. Subject to certain conditions and limitations, which are described below, Courtesy Pay will automatically apply to your checking account. You may request to remove Courtesy Pay from your account at any time. However, you must affirmatively consent before Courtesy Pay for Debit will apply to your account. Without your consent, we may not authorize everyday debit card transactions when there is insufficient available balance in your account and the transactions will be declined. If we pay an overdraft transaction, then we will charge you an Overdraft Fee as provided in MSUFCU’s current Service Fee Schedule. If we decline to pay an overdraft transaction, such as when a check or ACH payment is returned unpaid, then we will charge a Non-Sufficient Funds (NSF) fee. Note: Transactions that are declined may be presented to MSUFCU for payment multiple times until paid. You may be charged an Overdraft Fee or NSF fee each time the transaction is presented for payment, even if the transaction was previously declined and a fee was previously charged. We do not determine whether and when a transaction will be presented or submitted for payment. The following is important information regarding your account balances, how transactions are posted to your account, and when an Overdraft or NSF fee will be charged.
Overdraft means there is not enough funds in your actual balance to pay for a transaction. If we pay for an overdraft, we will charge a fee. The fee is described in our Fee Schedule, which is updated periodically. Please note that for ATM and one-time debit card transactions, you must affirmatively consent to this coverage. Without your consent, we may not authorize ATM withdrawals or authorize one-time debit card transactions that will result in a negative available balance in your account. The following is important information regarding your account balance, how transactions are posted to your account, and when an overdraft fee will be charged. You should read these disclosures carefully. If you have questions, please see a branch representative or call MIDFLORIDA Help Desk (000) 000-0000. Your actual balance is the full amount of money that can be in your account at any given time. It reflects the full amount of any deposits made to your account without regard to any portion of a deposit that may be on “hold.” It also reflects payment transactions that have “posted” to your account, but not payment transactions that have been authorized and are pending. While the term “actual” may sound as though the number you see is an up-to-date display of what is in your account that you can spend, that is not always the case. Any holds on deposits, holds on funds authorized for purchases, payments, fees and other charges made on your account that have not yet posted will not appear in your actual balance. Actual balance is used to determine when your account is overdrawn. For example, if you have a $50.00 actual balance, but you just wrote a check for $40.00, then your actual balance is $50.00 but it does not reflect the pending check transaction. So at that point, you actually have $50, but you have already spent $40. If you also swipe your debit card at a restaurant for $20 which is authorized but has not posted to your account; the actual balance is still $50, but you have spent $60. The check clears your account which reduces your actual balance to $10. When the authorized debit card transaction posts your actual balance will be overdrawn by $10. An overdraft fee will be deducted from your account further reducing the actual balance. This example is illustrated in the following chart: Description Amount Date Actual Balance Available Balance Deposit posted $50.00 01-Jan $50.00 $50.00 Check written $40.00 02-Jan $50.00 $50.00 Debit Card Authorization $20.00 02-Jan $50.00 ...
Overdraft means the prior five year (2015-2019) average amount of water consumed prior to SGMA implementation beyond the Sustainable Yield within the Greater Tule Management Area.
Overdraft means you have taken more money from your Account than you have in it and can also mean the amount of money which you owe us as a result of doing that. The words “overdraw”, “overdrawn” and “overdrawing” refer to the act of causing an overdraft.
Overdraft means a negative balance in the INSURED’S trust account to the extent directly caused by a COUNTERFEIT CERTIFIED CHEQUE(S) OR COUNTERFEIT BANK DRAFT(S).
Overdraft means an Unarranged Overdraft or an Arranged Overdraft;