overrunning definition
overrunning means a tacitly accepted overdraft whereby a creditor makes available to a consumer funds which exceed the current balance in the consumer's current account or the agreed overdraft facility;
overrunning means a tacitly accepted overdraft whereby a payment service provider makes available to a consumer funds which exceed the current balance in the consumer’s payment account or the agreed overdraft facility;
overrunning means, for the purposes of this Act, a tacitly accepted overdraft whereby a payment service provider, that is a creditor, makes available to a consumer funds which exceed the current balance in the consumer’s payment account or the agreed overdraft facility.
More Definitions of overrunning
overrunning means the actual making available of funds that exceed the balance on the payment account or the overdraft facility,
overrunning means overdraft tacitly accepted by the Bank, enabling a customer to dispose of funds which exceed the available balance of the respective demand deposit account or of the overdraft facility agreed;
overrunning means an automatically accepted overdraft with the creditor enabling the consumer to dispose of financial means beyond the limit of the current balance of their account or beyond the limit of an agreed overdraft facility;
overrunning means a tacitly accepted overdraft whereby a creditor allows a consumer to dispose of funds which exceed the current balance in his current account or the agreed overdraft facility;
overrunning means a tacitly accepted overdraft—that is, an overdraft where a consumer operates a current account (with or without an explicit overdraft facility) with a creditor, and without formal agreement the creditor makes avail- able to the consumer funds in excess of—
overrunning means a tacitly accepted overdraft whereby a creditor makes available to a consumer funds which exceed the
overrunning means a factual availability of funds which exceed the current balance on the payment account or the overdraft facility,