Temporary Overdraft definition

Temporary Overdraft means a temporary overdraft occurring when a sale of a security "fails" due to circumstances beyond the seller's control, such as a delay in the delivery of cash to the Fund's custodian or improper delivery instructions by the broker effecting the transaction.
Sample 1Sample 2Sample 3

Examples of Temporary Overdraft in a sentence

  • We are only liable to refund interest paid by you up to an amount equivalent to the Temporary Overdraft Interest Rate.

  • The Bank may however, at its own discretion, allow drawings beyond the Drawing Power, including ad hoc / temporary facilities and/or Temporary Overdraft Facilities (“XXX”), for such time as may be considered necessary and shall at any time without notice call upon the Borrower to repay such excess drawings.

  • If the cardholder account is not having sufficient balance for the total amount due, then the available amount will be debited from that charge account and for the remaining amount system will create Temporary Overdraft (TOD) in the linked CASA account and adjust the total amount due.

  • Keegan) - With reference to Temporary Overdraft Accommodation on Capital and Revenue Accounts for the period from 1st January to 31st December 2022.

  • The set of elements are as follows:  Frozen  Dormant  Nodebits  Nocredits  Stoppayment  Current Status In addition, the following elements will also be available for processing:  OD (overdraft) Days  Inactive Days  Overline Days  TOD (Temporary Overdraft) Days  Customer Classification Logical Operators Logical Operators are indicators of certain conditions that you specify while building a rule.

  • The Bank may however, at its own discretion, allow drawings beyond the Drawing Power, including ad hoc/ temporary facilities and/or Temporary Overdraft Facilities (“XXX”), for such time as may be considered necessary and shall at any time without notice call upon the Borrower to repay such excess drawings.

  • For the time during which the Borrower has not yet requested the Additional Temporary Overdraft Facility to be made available by the Bank, the Borrower shall pay to the Bank in advance on the first day of the Facility Period and thereafter yearly in advance a Commitment Fee of 0.15 per cent on the amount of the Additional Temporary Overdraft Facility.

  • We hereby irrevocably and unconditionally agree that the Bank shall be entitled to discontinue or terminate the said Temporary Overdraft facility at any time without notice to me.

  • Temporary Overdraft (TOD) -1(Extension) – for US$ 2000,000.00 The purpose: to meet working capital requirements.

  • Such a credit which in the traditional banking terminology is known as "Temporary Overdraft" may make a part of the investment by the traders only when computed on daily product basis by the trader which no businessman will be ready to reckon.

Related to Temporary Overdraft

  • temporary post means a post other than a permanent post.

  • Temporary custody means legal custody of a child who is removed from the child's home, which custody may be terminated at any time at the discretion of the court or, if the legal custody is granted in an agreement for temporary custody, by the person who executed the agreement.

  • Temporary Cash Investments means any of the following:

  • Temporary Work means all temporary works of every kind required in or about the execution, completion and maintenance of the works.

  • Temporary job site means a location where any of the following occur:

  • Temporary service means an electrical service granted temporarily for such purposes as construction, real estate sales, trailers, et cetera;

  • Temporary certificate means a certificate issued pursuant to subdivision (d) of section 7 of this local law.

  • Temporary worker means a person who is furnished to you to substitute for a permanent "employee" on leave or to meet seasonal or short-term workload conditions.

  • Temporary housing means any tent, trailer, motor home, or other structure used for human shelter which is designed to be transportable and which is not attached to the ground, to another structure, or to any utilities system on the same premises for more than thirty (30) days.

  • temporary building means a Building designed or constructed, erected or placed on land and which is demolished or removed from the lands within twelve months of Building Permit issuance;

  • Temporary Works means all temporary works of every kind required in or about the execution, completion or maintenance of the works.

  • Temporary Cash Investment means any of the following:

  • Temporary use means a use or structure on improved or unimproved real estate which is of impermanent nature, and is used for less than ninety days in a calendar year.

  • Temporary Global Note means a global note in the form or substantially in the form set out in Part 1 of Schedule 6 together with the copy of the applicable Final Terms attached to it with such modifications (if any) as may be agreed between the Issuer, the Agent and the relevant Dealer, comprising some or all of the Notes of the same Series issued by the Issuer under the Programme Agreement or any other agreement between the Issuer and the relevant Dealer;

  • Temporary Work Agency means as defined in Regulation 4 of the AWR being a person engaged in the economic activity, public or private, whether or not operating for profit, and whether or not carrying on such activity in conjunction with others, of:

  • Temporary Position means a position that the Employer has determined will be in excess of thirty (30) calendar days and not more than two (2) years, but which is not a Regular Position. Temporary Positions are intended for staffing of short term projects and interim staffing relief during periods such as the absences of employees or for unexpected and temporary changes in workload. A Temporary Position may be either a new position for the designated period or a temporary vacancy of a Regular Position or of a previously vacated Temporary Position.

  • Temporary sign means a sign not permanently fixed and not intended to remain fixed in one position;

  • Temporary Investments shall have the meaning set forth in the Partnership Agreement.

  • Temporary food establishment means a food establishment that operates for a period of no more than fourteen consecutive days in conjunction with a single event or celebration.

  • Temporary Disconnection means an ICP is De-energised but there is no change to the status of the ICP in the Registry;

  • Regulation S Temporary Global Note is exchangeable in whole or in part for one or more Global Notes only (i) on or after the termination of the 40-day restricted period (as defined in Regulation S) and (ii) upon presentation of certificates (accompanied by an Opinion of Counsel, if applicable) required by Article 2 of the Indenture. Upon exchange of this Regulation S Temporary Global Note for one or more Global Notes, the Trustee shall cancel this Regulation S Temporary Global Note.

  • Temporary container means a receptacle that is usually

  • temporary licence means a Licence granted under the Act valid for a single day or for such period as may be specified in the Licence not exceeding six months.

  • Temporary Offshore Global Note means an Offshore Global Note that bears the Temporary Offshore Global Note Legend.

  • Temporary means employment of an intermittent nature; for a limited, specified period; and undertaken during unpaid Maternity Leave or extended unpaid Maternity Leave.

  • Temporary license means a license issued on a short-term basis for a specified time pursuant to subrule 3.5(4).