Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.
Overdraft Rate means with respect to an Account for any calendar day during any calendar month a rate equal to one three hundred and sixtieth of the sum of (A) one-half percent, and (B) the greater of (i) the prime commercial lending rate of The Bank of New York, as publicly announced to be in effect from time to time, in effect on such calendar day, and (ii) 6%.
Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time. “Password” means a personal identification number, a personal access code or personal identification word used to access the Account by any means including to conduct a Transaction. “Point-of-Sale Transaction” means the use of the Debit Card as may be permitted from time to time by the Financial Institution for:
Examples of Overdraft Rate in a sentence
REFERENCE INTEREST RATE 1.1. Minimum Lending Rate (MLR) 1.2. Minimum Overdraft Rate (MOR) 1.3. Minimum Retail Rate (MRR) 1.4. Maximum margin plus to MRR 6.75 % per annum 9.875 % per annum7.75 % per annum 2.00 % per annum 2.
If the Financial Institution grants a loan under e) above, the loan will be immediately due and payable forthwith without demand and the Depositor will pay interest on the balance of the loan at the Financial Institution’s Overdraft Rate in effect from time to time.
Any agreed amount due by the Contractor to the Contractor not paid on Due Date shall bear interest at the Prime Overdraft Rate plus 2% from the Due Date until the date of payment thereof.
Each Fund authorizes the Bank, in its sole discretion, at any time to charge any advance, overdraft or indebtedness together with interest due thereon at the Overdraft Rate against any balance of accounts standing to the Fund's credit on the books of the Bank, including those books maintained by the Bank in its capacity as Custodian for the Fund under its Custody Agreement with the Fund.
To target an annual income of SA Prime Overdraft Rate after administration fees over a rolling 36-month period, and to attempt to not have negative returns over a rolling 24-month period.
More Definitions of Overdraft Rate
Overdraft Rate means with respect to an Account for any calendar day during any calendar month a rate equal to one three hundred and sixtieth of the sum of (A) the fed funds rate and (b) during the first ten days of an overdraft 1%, and thereafter 2%.
Overdraft Rate means with respect to an Account for any calendar day during any calendar month a rate equal to one three hundred and sixtieth of the fed funds rate plus 1%.
Overdraft Rate means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time, which rate per annum shall at all times be equal to the rate of interest designated and published in London by (a) with respect to Overdraft Loans provided to the Sterling Overdraft Accounts, the principal office of Bank of England in London, England as the “base rate” applicable to Sterling, and (b) with respect to Overdraft Loans provided to the Euro Overdraft Accounts, the principal office of the European Central Bank in London, England, as the “base rate” applicable to Euros.
Overdraft Rate means a per annum interest rate established from time to time by Citibank, N.A. applicable to overdrawn amounts from the Reimbursement Account.
Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time. “PAD” means a Pre-authorized Debit. “Password” means a personal identification number, a personal access code or personal identification word used to access the Account by any means including to conduct a Transaction. “Point-of-Sale Transaction” means the use of the Debit Card as may be permitted from time to time by the Financial Institution for: a) the transfer of funds from the Account to purchase or lease goods or services from a merchant (the “Merchant”), b) the transfer of funds from the Account to obtain a voucher, chit, scrip, token, or other thing that may be exchanged for goods, services, or money, or c) the transfer of funds into the Account from an account of a Merchant (e.g., a refund). “Pre-authorized Debit” means a Transaction debiting the Account that is processed electronically by a financial institution in accordance with a pre-authorized debit agreement entered into by the Depositor. “Primary Depositor” means, for joint Accounts, the first Depositor named on the Personal Contract Application. When the Primary Depositor dies, once the Financial Institution is notified of the death, the next Depositor named on the Personal Contract Application will become the Primary Depositor. “Remote Instructions” means instructions given to the Financial Institution with respect to the operation of the Account from a remote location using a computer, portable hand- held device, telephone, mobile telephone, fax, via the Financial Institution’s online banking system, email, text message transmission, or other remote communication acceptable to the Financial Institution in order to operate the Account or authorize Transactions and make arrangements with the Financial Institution. “Survivor” means, for joint Accounts, upon the death of any Depositor, the surviving Depositor(s). “Third Party” means any person, firm, corporation, association, organization, or entity other than the Depositor, the Financial Institution or Central 1. “Transaction” means any debit or credit transaction processed to or from the Account by any means, including without limitation Point-of-Sale Transactions and transactions originated through an ATM, online, mobile or telephone banking or any other method of Account access that may be made available to the Depositor from time to time.
Overdraft Rate. The interest rate established by us from time to time and charged on overdrafts charged to accounts, which are not covered by overdraft protection.
Overdraft Rate means the annual interest rate we set as our “Overdraft Rate” from time to time, regardless of compounding frequency.