Payment Allocation definition

Payment Allocation. Subject to applicable law, your payments may be applied to what you owe the Credit Union in any manner the Credit Union chooses. However, in every case in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate. Default: You will be in default, and we may, without notifying you, temporarily suspend your credit, close your account, cancel all credit cards issued on it and require immediate payment of your entire balance if any of the following occurs:
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Payment Allocation. We will apply your payments first to interest charges, then to any other fees with the remainder of your payment being applied to the unpaid balance of your Account. Any payment on the unpaid balance of your Account will be applied to higher APR balances before lower APR balances. Applicable law may require or permit us to apply payments in a different manner in certain situations, such as when your Account has a special promotion.
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Payment Allocation. We apply payments and credits at our discretion, including in a manner most favorable or convenient to us. Each billing period, we will generally apply amounts you pay that exceed the minimum payment due to balances with higher APRs before balances with lower APRs as of the date we credit your payment. Application Information: Federal law requires that we obtain certain information about you such as your date of birth and street address in order to verify your identity. To be eligible for the First Commonwealth Student Card you must be a college student. To determine whether you qualify for a Student Card account, we consider information bearing on your creditworthiness, including the information you provide in this application, which Credit Limit: Applicants may request a specific credit line. If you are approved, your credit line will be at least Freeze It: When you freeze your account, First Commonwealth will not authorize new purchases, cash advances or balance transfers. However, some activity will continue, including bills that merchants mark as recurring, as well as returns, credits, dispute adjustments, payments, other account fees, interests, rewards credited and certain other exempted transactions. Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Cardmember Agreement.
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Examples of Payment Allocation in a sentence

  • Purchase Payment Allocation — Prior to the Annuity Date, you may allocate all or part of your Purchase Payments to one or more of the Investment Options available under this Contract.

  • B = Energy Payment Allocation Factor, set forth in Exhibit K, for the ▇▇▇ Period being calculated.

  • Payment Allocation When you make a payment, generally, we first apply your minimum payment to the monthly obligation for any Installment Plan offer balances, which requires repayment of the balance over a pre-selected number of billing periods, and then to the balance on your monthly statement with the lowest APR.

  • Each subsequent Payment will be allocated in the same manner unless allocation instructions accompany the Payment or the Payment Allocation is changed by the Owner.

  • Payment Allocation You may reduce the amount of interest you pay by making payments that are larger than the Total Minimum Payment Due.

  • Purchase Payment Allocation – Prior to the Annuity Date, you may allocate all or part of your Purchase Payments to one or more of the Investment Options available under this Contract.

  • Payment Allocations The Initial Payment is allocated in accordance with the Payment Allocation, shown on the Specifications page.

  • A = Contract Price, in $/kWh. B = The Payment Allocation Factor for the ▇▇▇ Period being calculated.

  • A = The then applicable Contract Price, in $/MWh. B = The Payment Allocation Factor for the ▇▇▇ Period being calculated.

  • SCE shall pay Seller the Product Price, as adjusted by the Product Payment Allocation Factor, for the OSGC Quantity Seller would have been able to deliver but for the fact that SCE issued an OSGC Order.


More Definitions of Payment Allocation

Payment Allocation. We apply payments and credits at our discretion, including in a manner most favorable or convenient to us. Each billing period, we will generally apply amounts you pay that exceed the minimum payment due to balances with higher APRs before balances with lower APRs as of the date we credit your payment. Application Information: Federal law requires that we obtain certain information about you such as your date of birth and street address in order to verify your identity. To determine whether you qualify for a Rewards account, we consider information bearing on your creditworthiness, including the information you provide in this application, and your credit report. You authorize us to receive and exchange information about you, including Credit Limit: Applicants may request a specific credit line. If you are approved, your credit line will be at least Freeze It: When you freeze your account, First Commonwealth will not authorize new purchases, cash advances or balance transfers. However, some activity will continue, including bills that merchants mark as recurring, as well as returns, credits, dispute adjustments, payments, other account fees, interests, rewards credited and certain other exempted transactions. Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Cardmember Agreement.
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Payment Allocation. The Organization is required to include with each payment a detailed listing of the charges and credits included in the payment (billing statement tear-off is sufficient). If the Organization neglects to detail the payment or we determine, in our sole discretion, that the directions provided should not be honored, the Organization agrees that Dollar General may allocate the payment(s) in a way that is most favorable or convenient for Dollar General.
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Payment Allocation. Subject to applicable law, we reserve the right to allocate payments to your Account among Finance Charges, Cash Advances, Purchases and fees and any other amounts due in any manner we choose. We may allocate payments to balances subject to a special, reduced rate offer before any other balances due on your Account, regardless of the order in which those balances were created.
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Payment Allocation. We will allocate your minimum payment in the manner we determine. We will apply the amount in excess of the minimum payment to balances with higher APRs before balances with lower APRs. LOST OR STOLEN CARDS: You agree to notify us immediately, verbally or in writing at ▇.▇▇▇.▇▇▇.▇▇▇▇, (after hours call ▇.▇▇▇.▇▇▇.▇▇▇▇), or ▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ if any Card, Check, Account number or other means to access your Account is lost, stolen or used without your permission.
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Payment Allocation. We may apply the portion of your payments up to your Minimum Payment Due to lower APR balances first. Generally, payments above your Minimum Payment Due will be applied to your highest APR balance first.
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Related to Payment Allocation

  • Asset Allocation The following single issuer limits shall apply on a market value basis, with exception of Money-Market funds and US Government guaranteed securities, which may be held without limit:

  • Reais Allocation Date means, with respect of any Reais Transfer Date, the Business Day which is immediately prior to such Reais Transfer Date.

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • Allocation Amount means, as of the Closing Date, the Series [•] Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series [•] Stated Principal Amount resulting from the issuance of additional Series [•] Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge- Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series [•] Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding Dollar Principal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.

  • Final Allocation has the meaning set forth in Section 2.3.