Temporary Overdraft definition

Temporary Overdraft means a temporary overdraft occurring when a sale of a security "fails" due to circumstances beyond the seller's control, such as a delay in the delivery of cash to the Fund's custodian or improper delivery instructions by the broker effecting the transaction.
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Examples of Temporary Overdraft in a sentence

  • Debiting the amount of an unpaid cheque to your account may also result in your account becoming overdrawn or an increase in your existing overdraft and you could pay interest and fees for an unarranged Temporary Overdraft.

  • If you do not contact us in advance before becoming overdrawn, we have the option of either refusing to honour a commitment you have entered into or establishing an unarranged Temporary Overdraft which would be subject to our overdraft arrangement fee and interest as set out in our Standard Tariff.

  • The Short Term Loan and/or the Temporary Overdraft Facility shall be repaid in full on or before the date of expiry of its respective loan duration as set out in the Letter of Offer or such other period as we may decide.

  • The Customer agrees that the fees and / or charges payable to ICICI Bank for providing access to or allowing the use of the ICICI Bank RTGS Facility and the interest (including Further Interest) payable by the Customer on the Temporary Overdraft are reasonable.

  • If the Customer does not repay to ICICI Bank the Temporary Overdraft with such interest as has accrued on it, before the end of that Business Day, ICICI Bank shall be entitled to charge further interest on such unpaid amounts at rates determined by ICICI Bank from time to time (hereinafter referred to as “ Further Interest”).

  • ICICI Bank shall be entitled to charge interest on the Temporary Overdraft at rates determined by ICICI Bank from time to time, for the period during which the Temporary Overdraft is outstanding.

  • Notwithstanding the above, the Customer agrees that ICICI Bank shall be entitled, at all times, to debit, any and all of, the balances standing at any time to the credit of the Account (or other accounts of the Customer with ICICI Bank), for the payment of the fees and / or charges payable to ICICI Bank for providing access to or allowing the use of the ICICI Bank RTGS Facility and /or for repayment of the Temporary Overdraft and any interest (including Further Interest) payable on the Temporary Overdraft.

  • Temporary Overdraft facility from “The Jammu & Kashmir Bank Limited” is availed against personal guarantee of the Managing Director of the Company.

  • Upon termination of employment, wages due to an employee shall be paid into the employee’s bank account on the next pay day, or if the employee prefers, a cheque can be drawn on the day of termination.

  • However, in the case of Temporary Overdraft facilities as at 25.03.2020, the expiry shall be extended by two months for eligible borrowers.

Related to Temporary Overdraft

  • Temporary post means a post other than a permanent post.

  • Temporary custody means legal custody of a child who is removed from the child's home, which custody may be terminated at any time at the discretion of the court or, if the legal custody is granted in an agreement for temporary custody, by the person who executed the agreement.

  • Temporary Cash Investments means any of the following:

  • Temporary Work means all temporary works of every kind required in or about the execution, completion and maintenance of the works.

  • Temporary job site means any location where industrial radiography, wireline service, well- logging, portable gauge or x-ray fluorescence use is performed and where licensed material may be stored other than those locations of use authorized on the license.

  • Temporary service means an electrical service granted temporarily for such purposes as construction, real estate sales, trailers, et cetera;

  • Temporary Certificate means a certificate issued pursuant to subdivision (d) of section 7 of this local law.

  • Temporary worker means a person who is furnished to you to substitute for a permanent "employee" on leave or to meet seasonal or short-term workload conditions.

  • Temporary housing means any tent, trailer, motor home, or other structure used for human shelter which is designed to be transportable and which is not attached to the ground, to another structure, or to any utilities system on the same premises for more than thirty (30) days.

  • temporary building means a Building designed or constructed, erected or placed on land and which is demolished or removed from the lands within twelve months of Building Permit issuance;

  • Temporary Works means all temporary works of every kind required in or about the execution, completion or maintenance of works.

  • Temporary Cash Investment means any of the following:

  • Temporary use means a use or structure on improved or unimproved real estate which is of impermanent nature, and is used for less than ninety days in a calendar year.

  • Temporary Global Note means a global note in the form or substantially in the form set out in Part 1 of Schedule 6 together with the copy of the applicable Final Terms attached to it with such modifications (if any) as may be agreed between the Issuer, the Agent and the relevant Dealer, comprising some or all of the Notes of the same Series issued by the Issuer under the Programme Agreement or any other agreement between the Issuer and the relevant Dealer; Tranche means Notes which are identical in all respects (including as to listing); and

  • Temporary Work Agency means as defined in Regulation 4 of the AWR being a person engaged in the economic activity, public or private, whether or not operating for profit, and whether or not carrying on such activity in conjunction with others, of:

  • Temporary Position means a non-permanent position which may be either full time or less than a full negotiated work week, used to perform the following work:

  • Temporary sign means a sign not permanently fixed and not intended to remain fixed in one position;

  • Temporary Investments shall have the meaning set forth in the Partnership Agreement.

  • Temporary food establishment means a food establishment that operates for a period of no more than fourteen consecutive days in conjunction with a single event or celebration.

  • Temporary Disconnection means an ICP is De-energised but there is no change to the status of the ICP in the Registry;

  • Regulation S Temporary Global Note is exchangeable in whole or in part for one or more Global Notes only (i) on or after the termination of the 40-day restricted period (as defined in Regulation S) and (ii) upon presentation of certificates (accompanied by an Opinion of Counsel, if applicable) required by Article 2 of the Indenture. Upon exchange of this Regulation S Temporary Global Note for one or more Global Notes, the Trustee shall cancel this Regulation S Temporary Global Note.

  • temporary licence means a Licence granted under the Act valid for a single day or for such period as may be specified in the Licence not exceeding six months.

  • Temporary Offshore Global Note means an Offshore Global Note that bears the Temporary Offshore Global Note Legend.

  • Temporary means employment of an intermittent nature; for a limited, specified period; and undertaken during unpaid Maternity Leave or extended unpaid Maternity Leave.

  • Temporary license means a license issued on a short-term basis for a specified time pursuant to subrule 3.5(4).

  • temporary resident means a person who, in accordance with standards prescribed in rules adopted by the registrar, resides in this state on a temporary basis.