Ledger Balance means current balance excluding Float, as reflected in the Supporting Documents.
Ledger Balance means the current cumulative credit or debit on the Ledger at any particular time.
Ledger Balance means the balance in an Account without reductions for Pending Transactions or holds on deposited funds.
Examples of Ledger Balance in a sentence
Collected Balance Collected Balance is the Ledger Balance minus the amount of any deposited checks for which we have not received provisional credit from the bank of account.
Collected Balance Collected Balance is the Ledger Balance minus the amount of any deposited checks for which we have not received provisional credit from the bank of account.
Ledger Balance is your balance calculated at the end of each business day by a financial institution and includes all debits and credits.
The Ledger Balance is different than the Available Balance in your Account.
At the end of each Business Day, Bank will engage in the Settlement Process to transfer funds as necessary so that at the end of the Settlement Process, each Subsidiary Account will contain the Target Ledger Balance designated for that Account.
More Definitions of Ledger Balance
Ledger Balance is your Account’s balance at the start of each Business Day. This Balance is used to calculate interest for all time deposit Accounts and retirement savings Accounts. “Post (-s, -ing, -ed)” occurs when a debit or a credit is applied to your Ledger Balance and the transaction is completed. When a Check or other debit such as a Debit Card Transaction or ATM withdrawal is presented for payment against your Account, it Posts during overnight processing along with credits, such as deposits and any other transactions that occurred since the last Posting. Posting occurs on all Business Days.
Ledger Balance means the balance reflected on the books of the Bank of the amounts deposited in the Special Collection Account. In addition to the foregoing charges, Bank shall charge Borrower customer demand deposit account charges, including, but not limited to, item charges, bank wire charges, lock box charges, stop payment charges and other charges associated with demand deposit accounts used in financings of this kind.
Ledger Balance. ’ means the moneys in an account on the date of transfer of those moneys to the Fund under this section together with any accrued interest thereon but excluding any charges that may lawfully be withheld by the institution concerned;
Ledger Balance means the amount of funds in your account reflecting deposits and withdrawals that have posted to your account. This is shown on your account statement in the Daily Balances section. It does not reflect holds, outstanding checks, or any transactions we have committed to pay, but which have not yet been deducted from your account. Your Ledger Balance only changes once at the end of each business day.
Ledger Balance. Your “Ledger Balance” is the amount of money that is actually in your account at any given time, but not all funds included in the Ledger Balance are considered “available” for transactions on your account. The Ledger Balance is also sometimes referred to as your “actual balance”. Your Ledger Balance reflects transactions that have posted to your account, but it does not reflect transactions that have been authorized and are pending or deposits that may be on hold. While the term “actual” may sound as though the number you see is an up-to-date indication of what is in your account that you can spend, that is not always the case because any purchases, holds, fees, other charges, or deposits made on your account that have not yet posted will not appear in your Ledger Balance. For example: • assume you have a $50 Ledger Balance, but you just wrote a check for $40, then your Ledger Balance is $50 but it does not reflect the pending check transaction. Though your Ledger Balance of $50, you have already spent $40.
Ledger Balance means the monies in the dormant account on the date of transfer of those monies to the general revenue of the Islands under this section together with any accrued interest thereon but excluding any fees or charges payable to the account provider.
Ledger Balance means the balance in the Borrower's Operating Account at the end of each Business Day after all debits and credits for that Business Day have been posted.