SGL bouncing definition

SGL bouncing means failure of settlement of a Government securities transaction on account of insufficiency of funds in the current account of the buyer or insufficiency of securities in the SGL / CSGL account of the seller, maintained with the Reserve Bank of India.

Related to SGL bouncing

  • Site boundary means that line beyond which the land or property is not owned, leased, or otherwise controlled by the licensee or registrant.

  • Natural Boundary means the visible high water mark of any lake, river, stream or other body of water where the presence and action of the water are so common and usual, and so long continued in all ordinary years, as to mark on the soil of the bed of the body of water a character distinct from that of its banks, in vegetation, as well as in the nature of the soil itself.

  • Urban growth boundary means an acknowledged urban growth boundary contained in a

  • Final Official Statement means the deemed final Official Statement, dated , 2024, which constitutes the final official statement delivered in connection with the Bonds, which is available from the MSRB.

  • Press Release has the meaning set forth in Section 4.5.