Personal Reserve definition

Personal Reserve means a type of borrowing that we can provide in addition to or, instead of, an arranged overdraft where we make additional Cash Available to you up to a pre-authorised limit to cover payments, for example, when there is insufficient cash in your current account, or a transaction will cause you to exceed your arranged overdraft limit.
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Personal Reserve means a type of borrowing that we can provide in addition to or instead of an overdraft where we make additional Funds Available to you up to a pre-authorised limit to cover payments, for example, when there are insufficient funds in your current Account, or a transaction will cause you to exceed your overdraft limit.
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Personal Reserve means the amount of countable assets held by an individual or household while establishing or maintaining eligibility for medical assistance.
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Examples of Personal Reserve in a sentence

  • Upon our receipt of the applicable Bank form, your checking account can be linked to one of the following: a checking account, savings account, money market account, Personal Reserve Account (PRA), Business Reserve Line (BRL), or a line of credit with us, (each a “linked account”) for the purpose of covering overdrafts that may occur on your checking account.

  • If you have a BankNewport Personal Reserve Credit line, you will be assessed a finance charge on any cash advance made on your credit line as provided in your Personal Reserve Credit Note that you signed when you opened your Personal Reserve Credit.

  • That is, the Lloyd's deposit and Personal Reserve Funds (also know as Ancillary Trust Funds) or Special Reserve Fund.

  • In order to open the Reserve Loan Account, Cincotta executed a Personal Reserve Account Agreement with M&I.

  • The Personal Reserve Account Agreement stated, in part, “[w]e may change these regulations from time to time by sending you advance written notice, and your use of [Reserve Loan Account] credit thereafter will indicate your agreement to those changes.”¶3 Under the Reserve Loan Account, M&I agreed to make “[a]utomatic advances” or “[l]oans” to Cincotta’s checking account whenever the account was overdrawn in the exact amount of the overdraft.

  • Mortgage loan service also was expanded for commercial borrowers with the development of a Personal Reserve Account for businesses.

  • ATM withdrawals and bill payment transactions are subject to the availability of funds in your account, plus the available amount of your Personal Reserve Account (PRA) or your Business Reserve Line (BRL) that may be linked to your account.

  • You could lose all the money in your account plus the maximum available of your Personal Reserve Account or an overdraft protection service.

  • Will my Internal Overdraft Protection on my checking account continue?Yes, 1st Security Bank will transfer enough funds from your checking or savings account, Line of Credit or Personal Reserve Account to cover the overdraft.Overdraft transfers from a savings or checking account is $10 per transfer.

  • If you use BankNewport’s Digital Banking Services to withdraw or transfer money from your account, and the withdrawal or transfer creates an overdraft in your account, a loan will be made to you in accordance with your Personal Reserve Credit Agreement to cover the amount of the overdraft, provided that there is sufficient credit available up to Personal Reserve Credit maximum credit limit under your Personal Reserve Credit Note to cover the amount of the overdraft.

Related to Personal Reserve

  • Mineral Reserve means the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A mineral reserve includes diluting materials and allowances for losses that may occur when the material is mined.

  • Initial Reserve Account Deposit means $3,250,000.

  • Legal Reservations means the application of relevant Debtor Relief Laws, general principles of equity and/or principles of good faith and fair dealing.

  • NY Federal Reserve s website” means the website of the Federal Reserve Bank of New York (the “NY Federal Reserve”), currently at http://www.newyorkfed.org, or any successor website of the NY Federal Reserve or the website of any successor administrator of the Secured Overnight Financing Rate.

  • FDI Act means the Federal Deposit Insurance Act, as amended or recodified.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Federal Reserve means the Board of Governors of the Federal Reserve System.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Federal Reserve Act means the Federal Reserve Act, as amended.

  • NY Federal Reserve’s Website means the website of the NY Federal Reserve, currently at xxxx://xxx.xxxxxxxxxx.xxx, or any successor website of the NY Federal Reserve or the website of any successor administrator of the Secured Overnight Financing Rate.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Federal Reserve Board means the Board of Governors of the Federal Reserve System.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Energy Accounts means the regional energy accounts/state energy accounts as specified in the Grid Code issued by the appropriate agency for each Month (as per their prescribed methodology), including the revisions and amendments thereof;

  • Insurance Fund means the pest control insurance fund established pursuant to this compact.

  • Principal Reserve Fund The separate Eligible Account created and initially maintained by the Trustee pursuant to Section 3.08 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York in trust for registered Holders of CWABS, Inc., Asset-Backed Certificates, Series 2005-3". Funds in the Principal Reserve Fund shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

  • Public Service Act ’ means the Public Service Act, 1994 (Proclamation No. 103 of 1994);

  • Capital Reserve means for any period and with respect to a Property (other than any Projects Under Development), an amount equal to the product of (i) the gross leaseable area contained in such Property (in square feet), multiplied by (ii) $0.30 per annum.

  • Payahead Account means the account or accounts designated as such and established and maintained pursuant to Section 5.01.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,030,941.16.

  • Insurance Act means the Insurance Act, 1938;

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Flood Insurance Regulations means (a) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (c) the National Flood Insurance Reform Act of 1994 (amending 42 USC § 4001, et seq.), as the same may be amended or recodified from time to time, and (d) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • Actuarial reserve means a method of financing a pension or

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.