Credit Limit definition
Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.
Credit Limit. As to any Mortgage Loan, the maximum principal balance permitted under the terms of the related Credit Line Agreement.
Credit Limit means the maximum Asset Balance for each Mortgage Loan permitted under the terms of the related Credit Line Agreement.
Examples of Credit Limit in a sentence
In the event the unpaid principal amount of the outstanding balance for the Revolving Loan ever exceeds the Credit Limit, ▇▇▇▇▇▇▇▇ agrees to pay the excess amount (an “Overadvance”) upon written demand by ▇▇▇▇▇▇.
More Definitions of Credit Limit
Credit Limit means the limit imposed by Maybank against the Cardmember for the use of the Credit Card;
Credit Limit means the amount of the collaterals which may be used to cover any bid submission in subsequent auctions and is not used for outstanding payment obligations;
Credit Limit means the minimum debit balance permitted by the Bank for the Card Account for the Primary and the Supplementary/Additional Card(s), if any, and notified to the Primary Cardholder from time to time.
Credit Limit means, with respect to each HELOC, the maximum amount permitted under the terms of the related Credit Line Agreement.
Credit Limit means an amount of credit, based on the creditworthiness of an SSO Supplier or its Guarantor, if applicable, determined pursuant to Section 5.6, granted by Duke Energy Ohio to such SSO Supplier to be applied towards the Total Exposure Amount for such SSO Supplier.
Credit Limit in relation to any Card Account means the amount as specified by DBS from time to time up to which the Outstanding Balance on that Card Account may reach before DBS refuses to authorise or approve any further Card Transactions on that Card Account.
Credit Limit means the maximum amount that you are allowed to have outstanding on your Account at any time, as detailed on your monthly credit card Statement.