Cardholder Limit the sums approved by the Bank as the maximum amounts of spending permitted for each Cardholder during a Billing Cycle (including any Card transactions not yet debited and any authorisations the Bank has given in respect of prospective Card transactions).

Cardholder Limit the maximum value of Transactions the Business has allowed the Cardholder to spend each month under the Cardholder Account.

Cardholder Limit the sums approved by the Bank under clause 2.13 as the maximum amounts of spending permitted for each Cardholder during a Billing Cycle (including any Card Transactions not yet debited and any authorisations the Bank has given in respect of prospective Card Transactions). A Cardholder Limit cannot be increased by the Business such that the total of all Cardholder Limits exceeds the Scheme Limit.

Examples of Cardholder Limit in a sentence

Cardholder Limit: the sum approved by the Introducer Bank as the maximum amount of spending permitted for each individual Cardholder during a Billing Cycle (including any Card Transactions not yet debited and any authorisations we have given in respect of prospective Card Transactions).
You are responsible for advising the relevant Cardholder of any change in Cardholder Limit.
You acknowledge that we will not be liable for any refusal by the Introducer Bank to increase a Cardholder Limit and that we will not be obliged to honour any Cardholder Limit agreed with you by the Introducer Bank to the extent that such Cardholder Limit exceeds the Scheme Limit.
A Cardholder Limit cannot be increased by you if it would result in the Cardholder Limit exceeding the Scheme Limit.
If Authorisation for a Card Transaction is given, that Card Transaction will immediately reduce the total amount that can be drawn within the relevant Cardholder Limit and the Scheme Limit.
You agree that the Introducer Bank may, subject to clause 3.17 , increase or decrease such Cardholder Limit, if it considers it to be appropriate (in its absolute discretion), by contacting us to request this change.
If you wish to change a Cardholder Limit, you must contact the Introducer Bank or us.

More Definitions of Cardholder Limit

Cardholder Limit a limit on the total unsettled balance which may be accrued on a Cardholder Account at any one time.

Cardholder means a person authorized to use a Card.
Card Account means the account maintained with the Bank in respect of the Card;
Card means the Visa credit card and any duplicates, renewals, or substitutions the Credit Union issues to you; "account" means your Visa credit card line-of-credit account with the Credit Union; and "Credit Union" means the Credit Union whose name appears on this Agreement or anyone to whom the Credit Union transfers this Agreement.