variable credit definition
variable credit means credit made available under an agreement whereby the credit grantor agrees to make credit available to be used from time to time, at the option of the borrower, for the purpose of the purchase from time to time of goods or services, and, without limiting the generality of the foregoing, includes credit arrangements commonly known as revolving
variable credit means credit made available under an agreement by which means the credit grantor agrees to make credit available to be used from time to time, at the option of the borrower, for the purpose of the purchase from time to time of goods or services and, without limiting the generality of this meaning, includes credit arrangements commonly known as revolving credit accounts, budget accounts, cyclical accounts and other arrangements of a similar nature, but does not
variable credit means credit made available under an agreement whereby the lender agrees to make credit available to a
More Definitions of variable credit
variable credit means credit made available under an agreement whereby the lender agrees to make credit available to be used from time to time, at the option of the borrower, for the purpose of the purchase from time to time of goods or services, and, without limiting the generality of the foregoing, includes credit arrangements commonly known as revolving credit accounts, budget accounts, cyclical accounts and other arrangements of a similar nature. (“crédit variable”) R.S.O. 1990, c. C.31, s. 1; 1998, c. 18, Sched. E, s. 54; 1999, c. 12, Sched. F, s. 11 (5); 1999, c. 12, Sched. G, s. 19 (1); 2001, c. 9, Sched. D, s. 4 (1).
variable credit means credit made available in advance by a lender to a borrower who may draw on it, from time to time, up to the specified limit, in accordance with the terms and conditions of the credit transaction, and in- cludes credit cards, credit accounts, budget accounts, cyclical accounts and any other similar arrangements.
variable credit means credit made available under an agreement whereby the lender agrees to make credit available to a borrower to be used from time to time at the option of the borrower, and, without limiting the generality of the foregoing, includes credit arrangements, commonly known as revolving credit accounts, budget