Overdraft Rate definition

Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time.
Overdraft Rate means that per annum rate of interest, regardless of compounding frequency, designated by the Credit Union as its "Overdraft Rate" from time to time.
Overdraft Rate means with respect to an Account for any calendar day during any calendar month a rate equal to one three hundred and sixtieth of the sum of (A) the fed funds rate and (b) during the first ten days of an overdraft 1%, and thereafter 2%.

Examples of Overdraft Rate in a sentence

  • If you do not pay us any sum due under the Contract you will be liable to pay us interest from the due date for payment at a daily rate equal to 2% above the Bank of Ireland AAA Overdraft Rate then in force or, if there is no such rate, then an equivalent rate, accruing on a daily basis until payment is made.

  • REFERENCE INTEREST RATE 1.1. Minimum Lending Rate (MLR) 1.2. Minimum Overdraft Rate (MOR) 1.3. Minimum Retail Rate (MRR) 1.4. Maximum margin plus to MRR 6.75 % per annum 9.875 % per annum7.75 % per annum 2.00 % per annum 2.

  • Lateral cephalometric films were first scanned with a scanner (EPSON Scanner PerfectionV700) at 300 dpi resolution and transferred to the computer.

  • Any agreed amount due by the Contractor to the Contractor not paid on Due Date shall bear interest at the Prime Overdraft Rate plus 2% from the Due Date until the date of payment thereof.

  • The facility bears interest at a rate of Australian Bank Bill Overdraft Rate plus 1.0% and incurs standby fees for any unused portion of the facility at 0.50%.


More Definitions of Overdraft Rate

Overdraft Rate means with respect to an Account for any calendar day during any calendar month a rate equal to one three hundred and sixtieth of the sum of (A) one-half percent, and (B) the greater of (i) the prime commercial lending rate of The Bank of New York, as publicly announced to be in effect from time to time, in effect on such calendar day, and (ii) 6%.
Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by the Financial Institution as its “Overdraft Rate” from time to time. “Password” means a personal identification number, a personal access code or personal identification word used to access the Account by any means including to conduct a Transaction. “Point-of-Sale Transaction” means the use of the Debit Card as may be permitted from time to time by the Financial Institution for:
Overdraft Rate means, for any period, a fluctuating interest rate per annum as shall be in effect from time to time, which rate per annum shall at all times be equal to the rate of interest designated and published in London by (a) with respect to Overdraft Loans provided to the Sterling Overdraft Accounts, the principal office of Bank of England in London, England as the “base rateapplicable to Sterling, and (b) with respect to Overdraft Loans provided to the Euro Overdraft Accounts, the principal office of the European Central Bank in London, England, as the “base rate” applicable to Euros.
Overdraft Rate means a per annum interest rate established from time to time by Citibank, N.A. applicable to overdrawn amounts from the Reimbursement Account.
Overdraft Rate means the per annum rate of interest, regardless of compounding frequency, designated by DUCA as its “Overdraft Rate” from time to time. Business Member Agreement Terms and Conditions oblige DUCA to make any particular Account services available to the Member. The issue of a Debit Card or an online banking Password does not amount to a representation or a warranty that any particular type of service is available or will be available at any time in the future.
Overdraft Rate means the average rate per annum charged by Citibank Tanzania Limited, National Bank of Commerce and Standard Chartered Bank Tanzanian Limited (or any other banks selected by the Parties) to cover overdrafts payable in Tanzania Shillings for its corporate clients, determined on the date that any payment was due hereunder.
Overdraft Rate. The interest rate established by us from time to time and charged on overdrafts charged to accounts, which are not covered by overdraft protection.