Prescribed Credit Limit definition

Prescribed Credit Limit means the credit limit prescribed by the Bank in respect of all the Cardholder’s and a Supplementary Cardholder’s (where a Supplementary Card has been issued) purchases, Cash Advances and all other transactions whatsoever, whether or not such Credit Limit is notified to the Cardholder and/or Supplementary Cardholder;
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Examples of Prescribed Credit Limit in a sentence

  • Where a Prescribed Credit Limit which shall be applicable to the aggregate of all purchases, Cash Advances and all other transactions whatsoever by the Cardholder, has been notified to the Cardholder, the Cardholder shall not exceed the Prescribed Credit Limit unless prior written approval to exceed this limit is obtained by the Cardholder from the Bank.

  • For facilitating the issuance of the Secured Credit Card by the Bank, the Cardholder shall open and place a fixed deposit (FD) ranging from a minimum amount of Ringgit Malaysia Two Thousand (RM2,000) up to a maximum amount of Ringgit Malaysia Fifty Thousand (RM50,000) with the Bank and pledge the FD to the Bank as security for the Prescribed Credit Limit assigned to the Secured Credit Card.

  • The Prescribed Credit Limit assigned to the Secured Credit Card will be based on the FD amount pledged at a ratio of 1:1.

Related to Prescribed Credit Limit

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.