Revolving charge account definition

Revolving charge account means an arrangement between a seller and a buyer pursuant to which:
Sample 1Sample 2Sample 3
Revolving charge account means an arrangement between a seller and a buyer pursuant to which (1) the seller may permit the buyer to purchase goods or services on credit either from the seller or pursuant to a seller credit card, (2) the unpaid balances of amounts financed arising from purchases and the credit service and other appropriate charges are debited to an account, (3) a credit service charge if made is not precomputed but is computed on the outstanding unpaid balances of the buyer’s account from time to time, and (4) the buyer has the privilege of paying the balances in installments.
Sample 1Sample 2Sample 3
Revolving charge account means an agreement
Sample 1Sample 2Sample 3

Examples of Revolving charge account in a sentence

  • Revolving charge account information shall only be set forth if liability thereon is in excess of $5,000 at the time of filing.

  • Revolving charge account information shall only be set forth if the liability thereon is in excess of five thousand dollars for a period of ninety consecutive days or more during the preceding calendar year, or if the liability thereon is in excess of five thousand dollars as of the time of filing.

  • Revolving charge account information shall only be set forth if liability thereon is in excess of $5,000.00 at the time of filing.

  • Revolving charge account information shall only be set forth if such liability is in excess of $5,000 at the time of filing.

  • Revolving charge account debtors have the right to pay the outstanding debt in full at any time without penalty.

  • Revolving charge account income is also generated through waiver of finance charges or reduced rates from sponsoring merchants.During 2015, 2014 and 2013, the finance income earned from John Deere on revolving charge accounts containing waiver of finance charges or reduced rates was $11.4 million, $11.3 million and $10.6 million, respectively.

  • This clause 31 (Confidential Information) constitutes the entire agreement between the Parties in relation to the obligations of the Lender under the Finance Documents regarding Confidential Information and supersedes any previous agreement, whether express or implied, regarding Confidential Information.


More Definitions of Revolving charge account

Revolving charge account means an agreement between a seller and a buyer by which: (a) The buyer may purchase goods or services on credit or a seller credit card; (b) the balances of amounts financed and the sales finance and other appropriate charges are debited to an account; (c) a sales finance charge if made is not precomputed but is computed periodically on the balances of the account from time to time; and (d) there is the privilege of paying the balances in installments.
Sample 1Sample 2
Revolving charge account means an agreement between a seller and a buyer by
Sample 1Sample 2Sample 3
Revolving charge account means an arrangement between a seller or issuer of a seller credit card honored by the seller and a consumer pursuant to which:
Sample 1Sample 2
Revolving charge account means an open end credit plan between a seller and a buyer under
Sample 1Sample 2
Revolving charge account means an agreement be-
Sample 1
Revolving charge account means an account—
Sample 1

Related to Revolving charge account

  • Finance Charge Account is defined in Section 4.9(a).

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Reallocated Investor Finance Charge Collections means that portion of Group I Investor Finance Charge Collections allocated to Series 1997-1 pursuant to Section 4.10.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Spread Account Percentage means, (i) 0% if the Quarterly Excess Spread Percentage on such Payment Date is greater than or equal to 5.00%, (ii) 2.00% if the Quarterly Excess Spread Percentage on such Payment Date is less than 5.00% and greater than or equal to 4.50%, (iii) 2.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.50% and greater than or equal to 4.00%, (iv) 3.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 4.00% and greater than or equal to 3.50%, (v) 4.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.50% and greater than or equal to 3.00%, (vi) 5.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 3.00% and greater than or equal to 2.50%, (vii) 6.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 2.50% and greater than or equal to 1.50%, (viii) 7.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 1.50% and greater than or equal to 0.50% and (ix) 8.50% if the Quarterly Excess Spread Percentage on such Payment Date is less than 0.50%.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).