Positive Balance means monies including interest earned on all premium payments by all members to the Group and other earned and accrued income of the Group which shall accrue to the benefit of the Group in a fund year in excess of the amount necessary to fund all obligations of the Group, including but not limited to adequate XXXX and other contingency reserves, for such fund year.
Positive Balance means a value greater than R0,00.
Positive Balance has the meaning specified in Section 2.07. ---------------- "Proceeding" means any action, suit, demand, claim or legal, ---------- administrative, arbitration or other alternative dispute resolution proceeding, hearing or investigation.
Examples of Positive Balance in a sentence
If you do so, SweepBank may charge you a Positive Balance fee and is authorised to transfer the balance in credit to your SweepBank Current Account without separate notification to you.
More Definitions of Positive Balance
Positive Balance means the sum of the Charges exceed the sum of the Credits on an accumulated to date basis. The CORPORATION is not obligated to the REINSURED for the negative balance which may exist under this article. Under no circumstances shall the REINSURED’S obligation under this article to the CORPORATION exceed the total provisional commission allowed by the CORPORATION to the REINSURED plus simple interest thereon at 8.5% per year.
Positive Balance shall have the meaning specified in Section 2.4.2(a).
Positive Balance the Client’s cash funds on the Card Account which are marked with a plus (+) sign in the Card Account statements. Card Transaction Authorisation – an electronic procedure aimed at checking of the Card data, the Available Balance, the Card Transaction Limit and the Cardholder’s verification data as a result of which the Card Transaction is authorised or declined.