Bank System definition

Bank System means the banking system operated by any approved bank, financial institution or other body.
Bank System means an automated banking system, in which bank loan transactions, Account and/or Payment card transactions are recorded;
Bank System means a network of pull-tab dispens- ers offering progressive jackpot pull-tab series connected by a computer. The computer determines the total gross gam- bling receipts all the dispensers on the network receive and calculates the amount of the progressive jackpot on the net- worked dispensers.

Examples of Bank System in a sentence

  • Other GSE securities receive support through federal subsidies, loans, or other benefits, For example, the US Treasury is authorized to purchase specified amounts of securities issued by (or otherwise make funds available to) the federal Home Loan Bank System, Federal Home Loan Mortgage Corporation, Federal National Mortgage Association, and Tennessee Valley Authority in support of such obligations.

  • For example, the US Treasury is authorized to purchase specified amounts of securities issued by (or otherwise make funds available to) the federal Home Loan Bank System, Federal Home Loan Mortgage Corporation, Federal National Mortgage Association, and Tennessee Valley Authority in support of such obligations.


More Definitions of Bank System

Bank System m e a n s t h e b a n k i n g s y s t e m o p e r a t e d b y a n y body.
Bank System means the Bank’s information technology systems and networks (connected between its entry and exit points), used by the Bank to provide the Acquiring Services to the Merchant, which includes the FNB eCommerce payment gateway, computer equipment routers, switches, firewalls, cabling and servers, and any other hardware, software or infrastructure forming part thereof or related thereto;
Bank System means the hardware, software, peripherals, servers, applications, end user devices and server devices, network systems and equipment used within the environment of the Bank or of any Service Recipient, whether hosted internally or externally by the Bank, any Service Recipient or any third party; Business Continuity and Disaster Recovery Plan means a plan which sets out the procedures to be adopted by the Supplier in the event that the Goods and/or Services or any data is damaged or becomes unavailable by reason of a Disaster (including the procedures to be taken by the Supplier in planning and providing for any such event) as set out in Clause 22.2;
Bank System means the computerized system used by Bank or its third party service provider for servicing Accounts, including the processing of Program Card Applications, electronic authorization of credit transaction requests, computation of finance charges, preparation of periodic bills, processing of payments, maintenance of Cardholder information, creation of management reports and collection of Accounts, as such computerized system may be modified from time to time.
Bank System means the Federal Home Loan Bank System, which is comprised of the FHLBanks and the Office of Finance, under the supervision of the Finance Agency.
Bank System means the computerized system used by Bank or its third party service provider for servicing Accounts, including the processing of Program Card Applications, electronic authorization of credit transaction requests, computation of finance charges, preparation of periodic bills, processing of payments, maintenance of Cardholder information, creation of management reports and collection of Accounts, as such computerized system may be modified from time to time.

Related to Bank System

  • Tank system means a hazardous waste storage or treatment tank and its associated ancillary equipment and containment system.

  • New tank system means a tank system that will be used to contain an accumulation of regulated substances and for which installation has commenced after January 14, 1987. (See also “Existing Tank System.”)