Debiting definition

Debiting means an expense that draws down a positive balance established in the designated school online payment system
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Debiting means the subtraction or deduction of a specific amount from your account as agreed by us;
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Debiting means the subtracting of account-held securities from a securities account;
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Examples of Debiting in a sentence

  • If an Obligor will not permit a Direct Debit to be made to his bank account under the Direct Debiting Scheme in relation to a Financing Contract or if an existing Direct Debit is cancelled, the Servicer shall use all reasonable endeavours in accordance with its Customary Operating Practices to ensure that alternative payment arrangements are promptly made which ensure the timely payment of amounts payable by the Obligor under such Financing Contract.

  • The Servicer shall operate its Direct Debiting Scheme in accordance with its Customary Operating Practices.

  • If there are insufficient funds in your account to cover any amount you owe us, our affiliates or eBay, the amount becomes immediately due and payable by you and you authorise us to satisfy any of these debts by: • Debiting your account at a later date; • Debiting a preferred payment method; • Setting off the credit balance of any account you have with us or any monetary liability we owe you and towards satisfaction of your debt; or • Any other legal means.

  • Prior to termination of this Agreement, the Administrator, the Seller, the Mortgages Trustee and Funding shall co-operate to obtain the agreement of the Borrowers to a new bank mandate permitting the Mortgages Trustee to operate the Direct Debiting Scheme.

  • Direct Debiting to credit cards does not form part of procedures governed by the Bulk Electronic Clearing System.

  • In the case Bank carries out Contractual Debiting of funds in currency other than the currency of the Debt Obligations, the Client is obliged to pay the Bank a commission for the purchase/sale/exchange of foreign currency in the amount specified by the Bank's Service Fees.

  • In addition to the aforementioned Direct Debiting Specific Commissions, the Payer owes and shall pay to the Bank commissions corresponding to the operations performed through the current account, provided in the Tariff of Commissions, according to the Framework agreement regarding the services and products offered by Alpha Bank Romania for individuals, concluded between the Bank and the Payer.

  • In this case, the Client entitles the Bank (without obligation) to perform Contractual Debiting from such Client's Current Account.

  • If there are insufficient funds in your account to cover any amount you owe us or our affiliates, the amount becomes immediately due and payable by you and you authorise us to satisfy any of these debts by: • Debiting your account at a later date; • Debiting a preferred payment method; • Setting off the credit balance of any account you have with us or any monetary liability we owe you and towards satisfaction of your debt; or • Any other legal means.

  • Debiting an Account or deducting payment from the amount of any Transfer to or from an Account(s) is not Bank’s exclusive remedy under this or any other Article of the Agreement, and Bank will not be deemed to have made an election of remedies by making any such debit or deduction on any one or more occasions.


More Definitions of Debiting

Debiting means the subtracting of book-entry securities from a securities account;
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Related to Debiting

  • Debit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and the unpaid balance becomes larger. In this case “charge” and “debit” have similar meanings.

  • Account is any “account” as defined in the Code with such additions to such term as may hereafter be made, and includes, without limitation, all accounts receivable and other sums owing to Borrower.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Member Account means the regular account and the variable account.

  • Debit Card means a card, including a Smart Card, issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.