Examples of Discretionary Credit in a sentence
Discretionary Credit Limits under Short-Term Insurance Policies are withdrawn.
For private sector transactions, Discretionary Credit Limits are not available, and cover is not available unless specified in a Special Buyer Credit Limit endorsement or an Issuing Bank Credit Limit endorsement.
Under short-term insurance policies for public sector nonsovereign transactions, the use of Discretionary Credit Limits and Country Limits of Liability typically requires the obligation of one of the following: the Bank of China, the China Development Bank, the China Construction Bank, the Industrial and Commercial Bank of China, or the Bank of Communications.
Such amounts shall be credited to the Participant’s Company Discretionary Credit Account and shall be subject to the vesting schedule established by the Company at the time such amounts are credited.
The Plan Administrator shall credit to a Participant’s Account the amount of a Participating Employer’s Discretionary Credit, if any, determined for that Participant under this Section.