Overdrafts definition

Overdrafts means overdrafts of the book balance of any accounts constituting Deposit Liabilities and all consumer lines of credit made available to customers of the Branches as a protection against overdrafts of such accounts.
Overdrafts means only overdrafts in Transaction Accounts (other than overdrafts extended pursuant to a formal line of credit or similar arrangement) maintained at the Branches.
Overdrafts means those overdrafts of the book balance of any Deposit Accounts, which are not subject to Cash Reserve Lines of Credit.

Examples of Overdrafts in a sentence

  • Overdrafts - You understand that we may, at our discretion, honor withdrawal requests that overdraw your account.

  • Overdrafts, returned items and overdraft protection options are governed by our Overdraft Governance Documents, which includes the documents, "What You Need to Know About Overdrafts and Overdraft Fees" and "Overdraft Sweep Accounts".


More Definitions of Overdrafts

Overdrafts means those overdrafts of the book balance of any Deposit Accounts which are not subject to Cash Reserve Lines of Credit.
Overdrafts means those overdrafts of the book balance of any Deposit Accounts which are not overdrawn for more than seven days as of the Closing Date and which are not evidenced by a Loan.
Overdrafts has the meaning set forth in the definition of Obligations.
Overdrafts means overdrafts on the accounts of the Borrower maintained with the Swing Line Lender for the purpose of, among other things, obtaining Swing Line Advances and which overdrafts shall accrue interest at the same rate per annum as Prime Loans (for amounts denominated in Cdn. Dollars) or USBR Loans (for amounts denominated in U.S. Dollars) and such interest shall be payable in accordance with the Swing Line Lender’s customary practices.
Overdrafts means those overdrafts of the book balance of any Deposit Accounts.
Overdrafts means the overdrafts made or to be made available pursuant to these terms and conditions.