Declining Balance Sample Clauses
A Declining Balance clause establishes a method for reducing the outstanding amount owed or the value of an asset over time, typically through scheduled payments or depreciation. In practice, this clause is often used in loan agreements where the principal balance decreases with each payment, or in asset management where the book value of equipment is reduced annually according to a set rate. The core function of this clause is to provide a clear and systematic approach for tracking reductions in value or debt, ensuring transparency and predictability for all parties involved.
Declining Balance. Declining Balance credits are allocated at the beginning of each semester. Unused Declining Balance credits can “roll over” from the Fall Semester to the Spring Semester but expire on May 19, 2017.
Declining Balance. Declining Balance is allocated at the beginning of each semester. Unused Declining Balance can “roll over” from Fall Semester to Spring Semester but expires on May 20, 2016.
Declining Balance. DOLLARS REFUNDS
Declining Balance. The Skidmore ID Card is not a credit card. Money placed on your ID card with the college creates a declining balance account. You may use your card as a declining balance card where accepted, provided funds are available in the account. The ID card can be used at a variety of on-campus venues as well as several local businesses. A detailed list of locations that accept the ID card can be viewed at the Card Office website. Funds deposited in your account are non-transferable. Funds can be added to your account 24 hours a day online at the Card Office website using a credit card or in person during regular business hours at the Card Office using cash or check. Money can also be added to your account at the CSVT terminal located in Dining Services and across from the Skidmore Shop in Case Center. Deposits will be posted to the cardholder’s account for immediate use. If you attempt to use your card when there are insufficient funds available, the transaction will be denied. There is no earned interest associated with your account. The cardholder is responsible for deposits made by credit card or check that do not clear as well as purchases made against the deposit. Returned checks and rejected charge card transactions will be immediately removed from your account. The cardholder will be charged the current college returned check fee, which may be assessed directly against your declining balance account or charged to your student tuition account. The college reserves the right to place accounts on hold in the event a deposit is returned or rejected. You are responsible for use of the card in accordance with instructions at each location where the Skidmore ID card is accepted. Debits resulting from your failure to properly utilize or deactivate the card are your responsibility as the cardholder. The college will not debit your account other than in accordance with transactions authorized through the use of your card or as permitted under the terms of this agreement. Account history is available by logging into the Card Office website. No periodic printed statements are issued for the account. The cardholder must report any suspected account errors within 30 days of the transaction date in question. No cash withdrawals from the card account are permitted. A cardholder who is no longer a student or employee of the college for any reason, including withdrawal from the college, graduation or termination of employment, may request a refund of his/her account balance....
Declining Balance. The Loan Amount shall be forgiven and decline by equal proportions on each anniversary of the date of Completion of the Project, or one-tenth (1/10th) on each anniversary. For example, if there were a default after six months, the entire amount would be due and payable, but if a default after one year, only nine-tenths (9/10ths) would be due and payable.
Declining Balance. You may use your oneCARD as a declining balance card where accepted by service providers, provided funds are available in your account. Students under the age of 16 must provide parental or guardian consent to oneCARD terms, use of photo as well as declining balance feature of the oneCARD. The oneCARD may be used for transactions including, but not limited to, printing services, library services, and bookstore purchases. If you purchase an item, funds will be deducted from the declining balance portion of your account. You can view your online oneCARD statement at any time by logging in to your oneCARD account on the oneCARD website. Declining balance funds remaining on your account at the end of the academic term will automatically roll over to the next term until no transactions have been processed for 365 consecutive days at which time any remaining funds will be forfeited. Prohibited Purchases: The purchase of alcohol, cigarettes, cashback transactions, lottery tickets, pornographic material, and prepaid credit/gift cards is prohibited. Currency: All oneCARD account funds are in Canadian dollars and a maximum of $1,500 can be held in any single oneCARD declining balance account.