Discover Bank definition

Discover Bank shall have the meaning set forth in the recitals hereto.
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Discover Bank means Discover Bank and its successors and assigns.
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Discover Bank means Discover Bank, a Delaware banking corporation, and its successors and permitted assigns.
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Examples of Discover Bank in a sentence

  • The Sponsor intends to satisfy this obligation by maintaining a seller’s interest in the Master Trust, calculated in accordance with Regulation RR, that will equal not less than 5% of the aggregate unpaid principal balance of all DiscoverSeries notes, other than any notes that are at all times held by Discover Bank or one or more wholly-owned affiliates of Discover Bank ("adjusted outstanding investor ABS interests").

  • If the Principal Receivables in the Master Trust are less than the Minimum Principal Receivables Balance, and Discover Bank fails to assign sufficient Receivables to eliminate the deficiency, then an amortization event would occur.

  • At the date of this report, Discover Bank, as “originator” for the purposes of EU Regulation no.

  • In accordance with the credit risk retention rules of Regulation RR, Discover Bank, as Sponsor, is required to retain an economic interest in the credit risk of the Master Trust receivables.

  • Discover Funding LLC has and will continue to transfer the receivables it receives from Discover Bank to the Trust pursuant to the Third Amended and Restated Pooling and Servicing Agreement dated as of December 22, 2015, as amended (the “Pooling and Servicing Agreement”), between Discover Bank, Discover Funding LLC and U.S. Bank National Association, as Trustee.

  • On and after such date, Discover Bank began and will continue to instead transfer such receivables to Discover Funding LLC pursuant to the Receivables Sale and Contribution Agreement, dated December 22, 2015, between Discover Bank and Discover Funding LLC.

  • In determining whether to grant credit to a potential account holder, Discover Bank uses a FICO® score as reported by one particular credit bureau.

  • Therefore, certain FICO® scores for an individual account holder based upon information collected by other credit bureaus could be different from the FICO® score used by Discover Bank.

  • Discover Bank calculates the monthly rate of cardmembers that made payments equal to the contractual monthly minimum payment due (but less than full payment), and the monthly rate of cardmembers that paid the full balance per their statement as a percentage of the total Accounts in each case as of the beginning of the month.

  • Rather, a FICO® score is one of many factors used by Discover Bank to assess an individual’s credit and default risk prior to initially approving an account or changing the terms of an account.


More Definitions of Discover Bank

Discover Bank has the meaning set forth in the first paragraph of this Supplemental Conveyance.
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Discover Bank has the meaning set forth in the first paragraph of this Agreement.
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Discover Bank means Discover Bank or any subsidiary succeeding to any substantial part of the business now conducted by Discover Bank.
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Discover Bank means Discover Bank, a Delaware banking corporation.
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Discover Bank has the meaning set forth in the first paragraph of this Agreement. “Discover Funding” has the meaning set forth in the first paragraph of this Agreement. “Effective Date” means the opening of business on the earlier of (i) January 1, 2016 or
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Discover Bank means Discover Bank, a Delaware banking corporation, and itssuccessors and permitted assigns.
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Related to Discover Bank

  • Discover or "discovered" means the time when you first become aware of facts which would cause a reasonable person to assume that a loss of a type covered by this insurance has been or will be incurred, regardless of when the act or acts causing or contributing to such loss occurred, even though the exact amount or details of loss may not then be known.

  • Employer / Bank means State Bank of India having its Head Office at Ground Floor, Raheja Chambers, Free Press Journal Marg, Nariman Point, Mumbai and State Bank of India, Corporate Centre, Nariman Point, Mumbai, respectively.

  • Member bank means a national bank, state bank, or trust company which is a member of the United States federal reserve system.

  • The Bank means the Bank of India;

  • Arrow means Arrow Financial Corporation.

  • DMC means “Details Marks Certificate”

  • Discover, Discovery means the first day on which a Breach becomes known to Contractor, or, by exercising reasonable diligence would have been known to Contractor.

  • Releasor means any Person granting a release of any Settled Claim.

  • FSB means American Express Bank, FSB, a federal savings bank, and its successors and assigns.

  • Related Companies means the companies within the meaning of Article L. 225-197-2 of the French Commercial Code or any provision substituted for same.

  • Savings bank means a state banking corporation organized or reorganized under this act.

  • CNA means a 20-year capital needs assessment or analysis of replacement reserve requirements.

  • CMS means the Centers for Medicare and Medicaid Services.

  • Financial Sponsor means any Person, including any Subsidiary of such Person, whose principal business activity is acquiring, holding, and selling investments (including controlling interests) in otherwise unrelated companies that each are distinct legal entities with separate management, books and records and bank accounts, whose operations are not integrated with one another and whose financial condition and creditworthiness are independent of the other companies so owned by such Person.

  • GRT means New Mexico gross receipts tax.

  • Bancorp means Eagle Bancorp, Inc., a Maryland corporation.

  • aepaccmeצc means the department of public health.

  • EDS means Electronic Data Systems Corporation, a Delaware corporation, all its direct and indirect subsidiaries, all its affiliated entities, and all its successors and assigns, and the employees, agents, attorneys, officers and directors of each of them.

  • MERC means the Maharashtra Electricity Regulatory Commission.

  • PFI means the proprietary financial information as defined in RCW 43.371.010(12).

  • CPS means Consumer Portfolio Services, Inc., a California corporation and its successors.

  • FMC means The First Marblehead Corporation, a Delaware corporation.

  • DST means the Department of Science and Technology of the Central Government;

  • Innovation means the implementation of a new or significantly improved product, service or process, including but not limited to production, building or construction processes, a new marketing method, or a new organisational method in business practices, workplace organisation or external relations inter alia with the purpose of helping to solve societal challenges or to support the Europe 2020 strategy for smart, sustainable and inclusive growth;

  • The World Bank means the International Bank for Reconstruction and Development (IBRD) or the international Development Association (IDA).

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.