Cardholder Limit definition

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).
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Cardholder Limit the maximum value of Transactions the Business has allowed the Cardholder to spend
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Cardholder Limit the sums approved by the Bank under clause 2.12 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.
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Examples of Cardholder Limit in a sentence

  • The Business Representative will then be responsible for advising the Cardholder of the change in the Cardholder Limit, together with the date the change will take effect, as notified by us.

  • We have the right to refuse authorisation for any particular Card Transaction if reasonable, for example if the Card Transaction results in the Business or Cardholder Limit being exceeded, you are in breach of this Agreement, or we (or the systems we use) reasonably suspect the Card Transaction is fraudulent.

  • Cardholder Limit: the sum promptly notified in writing to us by the Business from time to time for the Cardholder per billing cycle being the maximum amount of spending permitted by the Business for the Cardholder using the Business Charge Card.

  • A Cardholder Limit cannot be increased by the Business such that the total of all Cardholder Limits exceeds the Business Limit.

  • We have the right to refuse authorisation for any particular Transaction if reasonable, for example if the Transaction results in the Business or Cardholder Limit being exceeded, you are in breach of this Agreement, or we (or the systems we use) reasonably suspect the Transaction is fraudulent.

  • The Business Representative will then be responsible for advising the Cardholder of the change in the Cardholder Limit.

  • Provided that such change does not take the aggregate of the Cardholder Limits over the Business Limit, we will confirm and put into effect the new Cardholder Limit within 10 Business Days of receipt of such notification.

  • We will not increase the Business Limit or any Cardholder Limit without telling you.

  • As long as the total Cardholder Limits remain within the Business Limit, we’ll put the new Cardholder Limit in place within 10 Business Days after you have asked us to.

  • If a Cardholder wishes to change their Cardholder Limit they must refer to you and you may request us to consider a change.


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.
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Related to Cardholder Limit

  • Cardholder means any person to whom a Card is issued by the Bank.

  • Cardholder Data has the meaning defined by the PCI Security Standards Council, Payment Card Industry (PCI) Data Security Standard (DSS) and Payment Application Data Security Standard (PA-DSS), Glossary of Terms, Abbreviations, and Acronyms, Version 3.0, January 2014, currently available online at: ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇/documents/PCI_DSS_Glossary_v3.pdf.

  • Upper Limit means a specified maximum amount of costs which may be claimed under a Unit of Work, but which may be extended on application. An Upper Limit operates in the same way as a Costs Limitation;

  • Order limits means the limits shown on the works plans within which the authorised development may be carried out;

  • Cardholder(s) persons authorized to use Association or Network branded cards.