Overdraft Limit definition

Overdraft Limit means the amount of the authorised debit balance available in connection with your Overdraft Facility.
Overdraft Limit means the maximum amount of money, if any, which We are prepared to lend to You, as may be decided by Us from time to time and notified to You in writing;
Overdraft Limit means the maximum amount that we have set for you to overdraw your Account, at your request; “Payment Instrument” means cheques, other bills of exchange, drafts, money orders, xxxx payment remittances, and other similar instruments “PIN” means your Personal Identification Number;

Examples of Overdraft Limit in a sentence

  • SECTION 3 TERMS AND CONDITIONS FOR OVERDRAFT FACILITY 3.1. General Provisions 3.1.1. This Agreement sets forth the manner whereby: - Customer applies for and Bank assigns (approves) an Overdraft Facility, subject to a pre-arranged limit (known as authorised Overdraft Limit) as specified in this Agreement; - Customer uses and pays back Bank-granted Overdraft.

  • In cases where Overdraft or Card Loan is granted, the Account may not fall into the red/negative balance exceeding the Overdraft Limit or Credit Limit.


More Definitions of Overdraft Limit

Overdraft Limit mean the current account, credit limit, loan amount and overdraft limit described or set out on COSTS & EXPENSES the front of this Agreement.
Overdraft Limit means the overdraft limit approved by CIBC for each Account, but if you have the Service on more than one Account, it means the overdraft limit approved by CIBC for each separate Account as well as the single total overdraft limit approved by CIBC for all your Accounts collectively.
Overdraft Limit means the amount shown as such in the Important Information and also includes a reference to a revised limit for the Facility where the Bank agrees to that in writing.
Overdraft Limit means EUR 30,000,000;
Overdraft Limit means the overdraft limit ICICI Bank has set, as described in Section 6 of this Agreement.
Overdraft Limit means the overdraft limit that Cayman National has set for an account at the client's request.
Overdraft Limit means, subject to Clause 6.2.2. pounds sterling l,000,000.