Authorization Hold definition

Authorization Hold means a temporary hold placed against some or all of your Card Account funds and occurs when we authorize a Card transaction from a merchant. The funds on hold will be subtracted from your available balance. We can place an Authorization Hold on your Card Account for up to 3 business days (or for up to 30 business days for certain types of Card transactions, including but not limited to, car rental transactions, cash transactions, and international transactions), from the time of the authorization or until the transaction is paid from your Card Account. However, if the merchant does not submit the transaction for payment within the time allowed, we will release the Authorization Hold. This means your available balance will increase until the transaction is submitted for payment by the merchant and posted to your Card Account. If this happens, we must honor the prior authorization, and we will pay the transaction from your Card Account. In some situations, the amount of the hold may differ from the actual transaction amount since the merchant may not know the total amount you will spend. For example, (i) a restaurant submits the authorization request for your meal before you add a tip, and (ii) when you pay at the pump at a gas station, the authorization request may be up to $75 (this is the current maximum amount for such authorization request, but it may be increased in the future) even if the purchase is less than that amount (to avoid such holds and declined transactions resulting from such holds, pay for your gas inside the station).
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Authorization Hold means a temporary hold placed against some or all of your funds in your account and occurs when we authorize a debit card transaction from a merchant. The funds on hold will be subtracted from your available balance.
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Examples of Authorization Hold in a sentence

  • During the period of any Authorization Hold, the Card funds that are subject to the Authorization Hold will generally not be available for other Card transactions.

  • We will have no liability to you in the event we decline any Card transaction because an Authorization Hold is in place.

  • This latent variables model had good fit, χ2(282) = 738.18, p < .001, CFI = .96, RMSEA = 0.04, SRMR = .045.

  • You are responsible for knowing when you have initiated a Card transaction that might result in an Authorization Hold and for managing other Card transactions accordingly during the period of an Authorization Hold.

  • A Temporary Debit Authorization Hold Affects Your Account Balance - On debit card purchases, merchants may request a temporary hold on your account for a specified sum of money, which may be more than the actual amount of your purchase.

  • During the period of any Authorization Hold the Card balance reported to you might not reflect that the Authorization Hold is or was in place because available balances are sometimes based on actual debits or credits to your Card rather than on Authorization Holds.

  • We will have no liability to you in the event any merchant delays or fails to complete the final processing of any Card transaction that corresponds to an Authorization Hold, and/or in the event any merchant requests an Authorization Hold in error.

  • In some other cases we may not receive an authorization request from the merchant, and there will be no Authorization Hold.

  • For those transactions, there may be no Authorization Hold, or the amount of the Authorization Hold may be different from the transaction amount.

  • We can place an Authorization Hold on your account for up to 3 business days (or for up to 30 business days at the bank’s discretion for certain types of debit card transactions, including but not limited to, international car rental and hotel), from the time of the authorization of a transaction or until the transaction is actually paid from your account.

Related to Authorization Hold

  • Service Authorization means that Open Ecosystem Partner needs to meet specific qualification requirements for the products included in a “Service” Product Family that Open Ecosystem Partner wants to promote and offer Services for as set out in detail in the Open Ecosystem Program Guide.

  • Authorization Letter means a letter agreement executed by Borrower in the form of EXHIBIT A.

  • Sell Authorization means that Distributor needs to meet specific training and qualification requirements for each product included in an “On Premise” Product Family that Distributor wants to resell as set out in detail in the Distributor Program Guide and the applicable RSPI.

  • Consents, Clearances and Permits means all authorizations, licenses, approvals, registrations, permits, waivers, privileges, acknowledgements, agreements, or concessions required to be obtained from or provided by any concerned authority for the purpose of setting up of the generation facilities and/ or supply of power;

  • Governmental Authorization means any authorization, approval, consent, franchise, license, covenant, order, ruling, permit, certification, exemption, notice, declaration or similar right, undertaking or other action of, to or by, or any filing, qualification or registration with, any Governmental Authority.

  • Prior authorization means that we must approve the Services in advance in order for the Services to be covered.

  • Necessary Authorizations means all approvals and licenses from, and all filings and registrations with, any governmental or other regulatory authority, including, without limiting the foregoing, the Licenses and all approvals, licenses, filings and registrations under the Communications Act, necessary in order to enable the Borrower and its Subsidiaries to own, construct, maintain, and operate communications tower facilities and to invest in other Persons who own, construct, maintain, manage and operate communications tower facilities.

  • Authorizations means all filings, recordings, and registrations with, and all validations or exemptions, approvals, orders, authorizations, consents, franchises, licenses, certificates, and permits from, any Governmental Authority.

  • Authorization means any authorization, approval, consent, certificate, license, permit or franchise of or from any Governmental Entity or pursuant to any Law.

  • Authorization Form means a form specified in s. 440.73.

  • Private Authorizations means all franchises, permits, licenses, approvals, consents and other authorizations of all Persons (other than Governmental Authorities).

  • Governmental Authorizations means, with respect to any Person, all licenses, permits, certificates, waivers, consents, franchises (including similar authorizations or permits), exemptions, variances, expirations and terminations of any waiting period requirements and other authorizations and approvals issued to such Person by or obtained by such Person from any Governmental Authority, or of which such Person has the benefit under any Applicable Law.

  • Required Consents shall have the meaning set forth in Section 4.5.

  • Required Consent has the meaning set forth in Section 4.4.

  • Government Authorizations means all such approvals, consents, authorizations, acknowledgements, licenses or permits required to be issued by any Government Authority to the Company for the establishment of the Company or to the Company or the Contractors for the construction, financing, ownership, operation, and maintenance of the Facility by the Company or the Contractors, including, without limitation, those Government Authorizations listed in Schedule 1;

  • Parent Permits means franchises, grants, authorizations, licenses, permits, easements, variances, exceptions, consents, concessions, registrations, clearances, exemptions, certificates, approvals and orders of any Governmental Authority necessary for Parent and each of its Subsidiaries to own, lease and operate their respective properties and assets or to carry on their respective businesses as they are now being conducted.

  • ACH Authorization means the ACH Debit Authorization Agreement in substantially the form of Exhibit H.

  • certificate of authorization means a certificate of authorization issued to a professional corporation pursuant to the Public Accounting Act, 2004 to permit it to engage in the practice of public accounting;

  • Governmental Consent means any notice to, registration, declaration or filing with, exemption or review by, or authorization, order, consent or approval of, any Governmental Entity, or the expiration or termination of any statutory waiting periods;

  • Material Consents as defined in Section 7.3.

  • Environmental Authorization Any license, permit, order, approval, consent, notice, registration, filing or other form of permission or authorization required under any Environmental Law.

  • Governmental Consents has the meaning set forth in Section 3.5.

  • Required Governmental Approvals With respect to each Facility, all licenses, permits, accreditations, authorizations and certifications from any Governmental Authority which are material to or required for (i) the operation of such Facility and any Capital Addition thereto for its Primary Intended Use in accordance with all applicable, material Legal Requirements, including, without limitation, material state facility licenses, certificates of need, permits, provider agreements and accreditations or certifications from Medicare and/or Medicaid, and (ii) for any other use conducted on the Leased Property of such Facility and any Capital Additions thereto as may be permitted from time to time hereunder in accordance with all applicable, material Legal Requirements.

  • Governmental Permits means all governmental permits, licenses, registrations, certificates of occupancy, approvals and other governmental authorizations.

  • Company Permits has the meaning set forth in Section 3.12(a).

  • Governmental Permit means any license, franchise, permit or other authorization of any Governmental Authority.