Eligible Item means a Deposit Item that meets the criteria and requirements described in Section 5 of this Part 4;
Eligible Item is a deposit item that is an Official Image of a paper-based Instrument, complete and immediately payable to you as payee, and is a cheque in Canadian Dollars and drawn on a Canadian branch of a financial institution operating in Canada. For the purposes of these Terms, stale-dated Instruments, post-dated Instruments, third party Instruments (is a cheque that is made payable to someone other than the Account holder and is signed over to you), or any Instrument that has been altered after it has been completed shall not qualify as Eligible Items.
Eligible Item means an original paper check that is payable to you and is within the meaning of a “check” as defined in Regulation CC and The Credit Union’s deposit guidelines. The following are NOT Eligible Items: • Checks/items payable to others (even if endorsed over to you); • Demand drafts or remotely created checks/items (checks lacking the original signature of the person authorizing the check); • Substitute checks/items (paper checks/items created from an electronic image); • Checks/items in which any fields on the front side contain obvious alteration(s), anything not authorized by the owner of the account on which the check/item is drawn, or any irregularity of any kind (for example, numerical and written amounts are different); • Checks/items previously returned unpaid for any reason; • Checks/items that are postdated or more than six (6) months old; • Checks/items drawn on a foreign financial institution or payable in a foreign currency; • Checks/items you suspect may be fraudulent or not properly authorized; • Checks/items exceeding the Deposit Limits set forth below; • Checks/items not acceptable under the terms of your Credit Union Membership Agreement
Examples of Eligible Item in a sentence
During the time you retain the Eligible Item, you agree to promptly provide the original Eligible Item to us upon request.
Company’s sole remedy for a breach of TeleCheck’s Information Warranty is the right to require TeleCheck to purchase an Eligible Item that became a Return Item.
You will receive an electronic confirmation of successful transmission of the image of your Eligible Item.
TeleCheck’s liability to Company for breach of its Information Warranty will not exceed the lesser of: (a) the amount of the Eligible Item, or (b) the Warranty Maximum set forth in the TeleCheck Service Application and Agreement.
You agree that we will: • Have the unrestricted right to reject, return, or refuse to process any item or image that is not an Eligible Item, without liability to you.
More Definitions of Eligible Item
Eligible Item refers to a paper “check” as that term is defined in Federal Reserve Regulation CC (“Reg. CC”) and that otherwise fulfills the requirements of this Agreement. When the image of the check is transmitted to us for subsequent presentment and collection, it shall thereafter be an “item” within the meaning of Articles 3 and 4 of the Uniform Commercial Code as adopted by the state where the branch at which you opened your Account is located. Note that any check you attempt to deposit using the Service is subject to verification by us.
Eligible Item means an item of Eligible Mail that is also:
Eligible Item means a check that is payable to you, and is within the meaning of a "check" as defined in Federal Reserve Regulation CC and TEGFCU’s deposit guidelines. Acceptable items include personal checks, government checks, business checks, money orders, traveler’s checks and cashiers or certified checks drawn on a US financial institution and in US funds. It is understood that Member will only be transmitting electronic images of the front and back of items. In order for an item to be processed for deposit, it must be properly endorsed in the proper location on the back of the item and signed by the payee. The following are not Eligible Items: • Checks payable to others (even if endorsed over to you); • Demand drafts or remotely created checks (checks lacking the original signature of the person authorizing the check); • Substitute checks (paper checks/items created from an electronic image); • Checks in which any fields on the front side contain obvious alteration(s), anything not authorized by the owner of the account on which the check is drawn, or any irregularity of any kind (for example, numerical and written amounts are different); • Checks previously returned unpaid for any reason; • Checks that are postdated or more than six (6) months old; • Checks drawn on a foreign financial institution or payable in a foreign currency; • Checks you suspect may be fraudulent or not properly authorized; • Checks exceeding the Deposit Limits set forth below; • Checks not acceptable under the terms of your Membership Agreement and Disclosure.
Eligible Item means an object which qualifies for coverage under the Arts and Artifacts Indemnity Act.
Eligible Item means an item that is:
Eligible Item means a check, a paper Item, or an electronic Item (i.e. an electronic image of an Item together with information describing that Item) that is payable to you, and is within the meaning of a "check" as defined in Federal Reserve Regulation CC and the Credit Union’s deposit guidelines. Acceptable Items include personal checks, government checks, business checks, money orders, traveler’s checks and cashiers or certified checks drawn on a US financial institution and in US funds. It is understood that you will only be transmitting electronic images of the front and back of Items. In order for an Item to be processed for deposit, it must be properly endorsed in the proper location on the back of the Item and signed by the payee. The following are not Eligible Items: