margin money definition

margin money means the margin money required by the financial banking institutions from the beneficiaries;
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margin money means the sum specified by the Lender, as payable by the Borrower(s) towards the purchase price of the Vehicles(s), by way of making the payment thereof to the Lender, instead of to the dealer/ manufacturer of the Vehicle(s).
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margin money means the money required as the share of the beneficiary for granting financial assistance by the financial/banking institutions and other organisations;
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Examples of margin money in a sentence

  • If the Borrower deposits the Margin Money with the Bank, the Borrower hereby authorizes the Bank to make payment of the proceeds of the Facility plus the Margin Money directly to the concerned Dealer/Seller.

  • If the Borrower deposits the Margin Money with the concerned Dealer/Seller, the Borrower, while requesting the Bank to disburse the proceeds of the Facility, shall (if so directed by the Bank) submit to the Bank a written confirmation issued by the concerned Dealer/Seller stating that the Dealer/Seller is in receipt of the Margin Money.

  • In the event of default by the Company in payment of any monies due and payable under the Facility Agreement, ICICI Bank shall have the right to appropriate the Margin Money towards such dues.

  • ETPS shall facilitate payments by Buyers for their orders placed through its platform using various payment options including credit card, debit card, net banking, CBD(Cash Before Delivery), COD (cash on delivery) as well as Margin Money Payment.

  • The amount deposited as E.M.D (Margin Money) would determine the bidding capacity of the bidder.

  • Only the EMD (Margin Money) of the lowest bidder would be blocked by NCDEX e Markets Ltd (NeML).

  • EMD (Margin Money) of the unsuccessful Bidder(s), including those whose bid(s) are not accepted due to non-fulfillment/not meeting the conditions attached to the bid(s), shall be returned by NCDEX e Markets Ltd (NeML) on the withdrawal request made by the bidder through CS Tracker Module latest by one day from the day of close of E-Auction.

  • Interest Monthly Instalments Margin Money (To be borne by the employee) 1.

  • The Borrower agrees and confirms that if the Bank gives higher rate of interest on Margin Money than the rate of interest @ % p.a. as stipulated on the loan then the Borrower shall pay interest to IREDA on portion of loan on such margin money at such higher rate and the Borrower shall abide by the decision of IREDA.

  • In the event of default by the Borrower in payment of any monies due and payable under this Schedule or under the Master Facilities Agreement, the Bank shall have the right to appropriate the Margin Money towards such dues regardless of whether or not the Margin Money pertains to a particular Letter of Credit or not.


More Definitions of margin money

margin money means the sum(s) specified in the Tranche Schedule/s in this behalf, being sum(s) payable by the Borrower or Co-Borrower or the Guarantor towards the purchase price of the Assets by payment(s) thereof to the Bank for onward payment to the dealer / manufacturer of the Asset instead of directly to the dealer / manufacturer of the Asset.
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Related to margin money

  • ▇▇▇▇▇▇▇ Money shall have the meaning assigned thereto in Section 2.3.

  • Indebtedness for Money Borrowed means with respect to any Person, without duplication, all indebtedness in respect of money borrowed, including without limitation all Capital Leases and the deferred purchase price of any property or asset, evidenced by a promissory note, bond, debenture or similar written obligation for the payment of money (including conditional sales or similar title retention agreements), other than trade payables incurred in the ordinary course of business.

  • E-Money means electronic money as defined in the SI No. 183/2011 – European Communities (Electronic Money) Regulations 2011.

  • Borrowed Money means any obligation (excluding an obligation under a revolving credit arrangement for which there are no outstanding, unpaid drawings in respect of principal) for the payment or repayment of borrowed money (which term shall include, without limitation, deposits and reimbursement obligations arising from drawings pursuant to letters of credit);

  • Purchase Money Lien means any Lien upon any fixed assets that secures the Purchase Money Indebtedness related thereto but only if such Lien shall at all times be confined solely to the asset the purchase price of which was financed or refinanced through the incurrence of the Purchase Money Indebtedness secured by such Lien and only if such Lien secures only such Purchase Money Indebtedness.