General credit definition

General credit means any loan, credit sale or other extension of credit which is not consumer credit, including, by way of example, credit in which the money, property or service which is the subject of the transaction is primarily for business, investment or agricultural purposes.
Sample 1
General credit the credit granted by Party A to Party B includes one or more of the following services: loan, issuing bank acceptance draft, discount of commercial draft, trade financing, letter of guarantee, capital service and other credit service (The trade financing service includes issuing international letter of credit, issuing domestic letter of credit, import bxxx advance, delivery against bank guarantee, packing credit, export bxxx advance, buyer bxxx advance under domestic letter of credit, seller bxxx advance under domestic letter of credit, negotiation of domestic bxxx of credit and other domestic and international trade financing services. The letter of guarantee service includes issuing letter of guarantee / standby letter of credit and other international and domestic letter of guarantee service).
Sample 1
General credit means any loan, credit sale, or other
Sample 1Sample 2

Examples of General credit in a sentence

  • General credit terms are payment by the end of the month following the month in which sales took place.

  • General credit risks are inherent in a wide range of Belfius Bank’s businesses.

  • General credit exemption, exempting you from studying a specified amount of credit at a particular level or stage of a qualification where the learning outcomes of your previous study or experience broadly align with the learning outcomes in the relevant level or stage of the Open University qualification.

  • General credit is credit which is awarded at a particular level but not matched to specific module outcomes.

  • General credit does enable exemption from modules but not on the basis of evidencing that the learning outcomes of specific modules have been met.

  • General credit spread risk and funding spread risk associated with uncollateralized derivatives are included under interest rate VaR.

  • General credit awarded for the whole of a level (or a sufficient part thereof) will be represented as a block of credit of the appropriate value.

  • General credit risk exposures include exposures to sovereign entities; exposures to supranational entities and multilateral development banks; exposures to public sector entities; exposures to depository institutions, foreign banks, and credit unions; corporate exposures; regulatory retail exposures; residential mortgage exposures; pre-sold construction loans; statutory multifamily mortgage exposures; and other assets.

  • General credit is given for the number and level of credits only.

  • General credit quality reporting is included in monthly reporting to NRCRC, RCRC and RC, with specific Large Exposures reporting provided quarterly.

Related to General credit

  • Federal credit means the Georgia Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;

  • Dual credit means the system under which an eligible high school student enrolls in college course(s) and receives credit for the course(s) from both the college and high school.

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • operational creditor means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred;

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

  • Federal credit union means a credit union chartered under the Federal Credit Union Act.

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • Credit means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment.

  • ABL Credit Facility means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Partial Credit Payment means any payment, distribution or benefit that is not a Full Credit Payment. In no event shall Executive have any discretion with respect to the ordering of payment reductions.

  • Open-end credit means credit extended by a creditor under an agreement in which:

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Consumer credit means credit offered or extended to a consumer primarily for personal, family, or household purposes.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • Credit Account is modified to read “Grant Account”.

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended and restated as of November 12, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • electronic credit ledger means the electronic credit ledger referred to in sub-section (2) of section 49;

  • Letter of Credit Accommodations means the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.