Banking Transaction definition

Banking Transaction. (hereinafter ‘transaction’) means the formation, alteration or termination of relationships established under the law of obligations between a bank or a foreign bank branch and its client, and any operation related to the banking business, including the handling of deposits;
Sample 1Sample 2Sample 3
Banking Transaction means any withdrawal, transfer and/or any other banking transaction (other than cash advance) involving any of the designated accounts of the Cardmember effected with the use of the PIN with or without the Card, at ATMs, CSH or otherwise;
Sample 1Sample 2
Banking Transaction. (hereinafter ‘transaction’) means the formation, alteration or termination of relationships established under the law of obligations between a bank or a
Sample 1Sample 2Sample 3

Examples of Banking Transaction in a sentence

  • The customer is responsible for all Banking Transaction instructions that are carried out by using the customer's Password and Token including all risks that will arise.

  • Especially for Banking Transactions that use Tokens, the Token Secret Code entered must also be validated by the system used by the Bank before the Banking Transaction is processed by the Bank.

  • The customer is required to first check the network quality and computer security used by the customer when accessing Danamon Online Banking and the Bank is not responsible for the failure of the Banking Transaction caused by network quality and computer security.

  • The Client hereby declares, for the purposes of the Banking Act, that it shall perform with the Bank each contractual Banking Transaction with a value of EUR 15 000 or more only on the Client’s own behalf and on its own account, i.e. at the Client’s own cost or for the Client’s own profit, whilst funds that the Client uses for Banking Transaction with a value of EUR 15 000 or more shall be entirely the Client’s own property.

  • The Bank may refuse to complete a banking transaction or provide services related to the same, in particular in cases where completing a Banking Transaction or providing services would be contrary to the Bank's interests or business policy.

  • If a Banking Transaction is performed by means of electronic or other technical equipment, the Client identifies himself and verifies this identification by means of specific identification codes (combination of numbers), which the Bank assigns to the Client.

  • A record of each Online Banking Transaction will be shown in the regular account statements provided by the Bank to the Customer.

  • A signature must also be officially certified in the case that the Client does not sign an agreement on the respective Banking Transaction, or the Statements or forms required by the Bank, in front of an employee of the Bank.

  • The Client is obliged to promptly notify the Bank of all facts relating to the Banking Transaction and provide the Bank with documents agreed with or requested by the Bank that could lead to the Client’s unjust enrichment or lead to harm to the Bank.

  • Disposal of an Account is defined in the specific business conditions for the respective Banking Transaction.


More Definitions of Banking Transaction

Banking Transaction means a transaction effected through a Bank Account by the use of the Card and the PIN.
Sample 1Sample 2
Banking Transaction means any withdrawal, transfer and/or any other banking transaction (other than cash advance) involving any of the designated accounts of the Cardmember effected with the use of the PIN with or without the Card, at ATMs, CSH or otherwise; “CSH” means the “Hang Seng Credit Card 24-hour Customer Service Hotline; “CSH Services” means the banking, credit card and other account related services from time to time offered by Hang Seng on a 24-hour basis under CSH in accordance with Clause 21; “Card” means any of the World Mastercard Card, Visa Infinite Card, Platinum Mastercard Card, Visa Platinum Card, CUP Platinum Card and Renminbi Platinum Card from time to time issued by Hang Seng either as a principal card or as a supplementary card; or such specialised card as World Mastercard Card, Visa Infinite Card, Platinum Mastercard Card, Visa Platinum Card, CUP Platinum Card and Renminbi Platinum Card or (only in the case of a supplementary card) a Private Label Card from time to time issued by Hang Seng either as a principal card or as a supplementary card which carries the identity of an Affinity Group or any design as agreed between Hang Seng and the Affinity Group and is marketed to persons, including without limitation, all or any selected members or customers of such Affinity Group pursuant to the affinity card programme agreement or arrangement between such Affinity Group and Hang Seng; “Card Association” means each of Mastercard International Incorporated, Visa International Service Association and China UnionPay Company Limited and their respective successors and assigns; “Card Transaction” means any purchase of goods and/or services or any cash advance effected by the use of the Card or any transaction effected pursuant to the provision of the Services whether the same is authorised by the Cardmember or not (unless Clause 18(b) applies) and, where the context permits, includes e-shopping Card Transactions and Contactless Transactions; “Cardmember” means any person to whom the Card is issued by Hang Seng and includes any person to whom an e-shopping Card Account Number Hang Seng has assigned (for the avoidance of doubt, e-shopping Card Account Number may only be assigned to a Principal Cardmember) and, where the context permits or requires, includes a Principal Cardmember and a Supplementary Cardmember, and their respective personal representatives and lawful successors; “Credit Card Account” means the account opened and maintained by the Cardmember with Han...
Sample 1
Banking Transaction means any real estate related financial transactions entered into after the effective date hereof that: any regulated FI engages in or contracts for; and requires the services of an appraiser.
Sample 1
Banking Transaction means a transaction effected through a Bank Account by the use of the Card and the PIN. (h) “Card” means, a Credit Card, a Dual Currency Credit Card, an Internet Credit Card, an Affiliate Card, a Debit Card or any other card (howsoever described) including Visa Card, Mastercard and UnionPay Card, whether Principal Card or Supplementary Card, issued by the Bank alone or in conjunction with another institution, which Card may be a physical Card or may comprise of a Card Account only. (i) “Card Account” means the account opened and maintained by the Bank in connection with the use of the Card (including an account comprised in the Card). (j) “Card Transaction” means the supply of goods or services paid for
Sample 1
Banking Transaction means a transaction effected through a Bank Account by the use of the Card and the PIN. (h) “Card” means, a Credit Card, a Dual Currency Credit Card, an Internet Credit Card, an Affiliate Card, a Debit Card or any other card (howsoever described) including Visa Card, Mastercard and UnionPay Card, whether Principal Card or Supplementary Card, issued by the Bank alone or in conjunction with another institution, which Card may be a physical Card or may comprise of a Card Account only. (i) “Card Account” means the account opened and maintained by the Bank in connection with the use of the Card (including an account comprised in the Card). (j) “Card Transaction” means the supply of goods or services paid for by the use of the Card. (k) “Cardholder” means both the Principal Cardholder and Supplementary Cardholder. (l) “Debit Card” means a Card that can be used to obtain cash or make payment at a point of sale by drawing on and debiting the Cardholder’s available balance in the Card Account. (m) “Dual Currency Credit Card” means a Credit Card with two Card
Sample 1
Banking Transaction means any withdrawal, transfer and / or any other banking transaction (other than cash advance) involving any of the designated accounts of the Cardmember effected with the use of the PIN with or without the Card, at ATMs, CSH or otherwise;
Sample 1

Related to Banking Transaction

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Borrower or any Restricted Subsidiary pursuant to which the Borrower or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Securitization Assets (which may include a backup or precautionary grant of security interest in such Securitization Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person other than a Receivables Subsidiary.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Financing Transactions means (a) the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party and (b) the initial borrowing of Loans hereunder and the use of the proceeds thereof.

  • Hedging Transactions means any transactions or assets the Issuer or any of its affiliates (in the meaning of § 1 paragraph 7 German Banking Act (KWG), § 290 paragraph 2 German Commercial Law (HGB)) may have entered into or purchased in order to hedge the risk of entering into and performing its obligations with respect to the Certificates.

  • Hedging Transaction of any Person shall mean (a) any transaction (including an agreement with respect to any such transaction) now existing or hereafter entered into by such Person that is a rate swap transaction, swap option, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap or option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option, spot transaction, credit protection transaction, credit swap, credit default swap, credit default option, total return swap, credit spread transaction, repurchase transaction, reverse repurchase transaction, buy/sell-back transaction, securities lending transaction, or any other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether or not any such transaction is governed by or subject to any master agreement and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.

  • M&A Transaction means (a) a transaction in which all or substantially all of the assets to which the subject matter of this Agreement relates are acquired by or assigned to party that is not an Affiliate, or (b) a sale of all or substantially all of the share capital of BioLine (or its Affiliates), (c) the merger of BioLine (or its Affiliates) with any other entity, or any other similar corporate action, except an internal reorganization of BioLine (or its Affiliates) for tax-related reasons otherwise.

  • Public-finance transaction means a secured transaction in connection with which:

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the Shareholders. Such term does not include:

  • Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

  • Hostile Acquisition means (a) the acquisition of the Equity Interests of a Person through a tender offer or similar solicitation of the owners of such Equity Interests which has not been approved (prior to such acquisition) by the board of directors (or any other applicable governing body) of such Person or by similar action if such Person is not a corporation and (b) any such acquisition as to which such approval has been withdrawn.

  • securities financing transaction or 'SFT' means a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction;

  • Company Acquisition Transaction means any transaction or series of transactions involving:

  • Competing Transaction has the meaning set forth in Section 6.1(n).

  • Refinancing Transactions means the issuance and sale of the Notes pursuant to the Offering Memorandum, the incurrence of indebtedness on or about the Issue Date pursuant to any Credit Agreement and/or the repricing, refinancing, amendment, restatement or supplement, in whole or in part, of any Credit Agreement and the redemption (including any satisfaction and discharge in connection therewith) of all of the Company’s outstanding 7.875% Senior Notes due 2019 and the payment of fees and expenses in connection therewith.

  • Void Transaction means any transaction wherein the transaction has taken place but has been cancelled /rejected /unsuccessful by the Alliance Partner.

  • Securities Financing Transactions means repurchase agreements, reverse repurchase agreements, securities lending agreements and any other transactions within the scope of SFTR that a Fund is permitted to engage in;

  • MFN Transaction means a transaction in which the Company issues or sells any securities in a capital raising transaction or series of related transactions which grants to an investor the right to receive additional shares based upon future transactions of the Company on terms more favorable than those granted to such investor in such offering.

  • Closing Transactions has the meaning set forth in Section 11.8(a)(i) of these Bylaws.

  • Drag-Along Transaction has the meaning set forth in Section 4(d)(i) of the Stockholder Agreement.

  • Significant Transaction means a transaction which meets any one of the tests below:

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Merger Transaction means any merger, acquisition or similar transaction involving a recapitalization as contemplated by Rule 10b-18(a)(13)(iv) under the Exchange Act.