Examples of Collected Balance in a sentence

This method applies an interest rate to the average Collected Balance in your Account for the month and divides that figure by 365, then multiplies that figure by the number of calendar days in that month to arrive at the bonus interest.
This method applies a daily periodic rate to the Collected Balance in your Account each calendar day and the Annual Percentage Yield assumes daily compounding without withdrawing the interest.
Tiered Accounts earn the interest rate and APY in effect that day for the balance tier associated with your Collected Balance at the end of each calendar day.
On each Business Day that the Collected Balance in the Swing Line Account exceeds the Target Balance (such amount, the “Target Balance Excess Amount”), the Swing Line Lender shall, without any further authorization from or prior notice to the Company, to the extent any Swing Line Loans are outstanding, apply the Target Balance Excess Amount to the payment of such outstanding Swing Line Loans up to the Outstanding Amount thereof.
Bonus interest is credited monthly based on the average Collected Balance method to calculate interest.

More Definitions of Collected Balance

Collected Balance means the balance of all deposits in your account for which we have received credit for the deposited funds, determined by the availability schedule of our Federal Reserve Bank for checks and similar items and other factors. The “collected balance” is subject to adjustment at a later time if the credit we received is revoked, such as when a check is returned, charged back to us, or disputed.

Collected Balance means your Balance minus all or part of any check deposit without same-day availability, as noted in the Funds Availability Disclosure.

Collected Balance means the balance in your Account at the close of the Business Day, consisting of cash, wire transfers and electronic deposits, plus those non-cash Items on deposit for which you have received credit, and interest credited to the Account, minus all withdrawals, holds and other debits to the Account. Company refers to any business entity, including a corporation, unincorporated association, partnership, limited liability company or sole proprietorship. Contract refers to the Safe Deposit Box Agreement.

Collected Balance means, at the end of any Business Day, the ledger balance for the Account subject to the Credit Sweep Service minus Float.

Collected Balance is your Account’s balance at the start of each Business Day less amounts from deposited Checks or similar Items for which we are in the process of collecting, but have not yet been collected, from the other financial institution.

Collected Balance means the book balance in a bank account, minus the aggregate amount of all checks and other items of payment in the process of collection, said amount to be computed in accordance with the Bank's standard practices. "Ledger Balance" shall mean the balance reflected on the books of the Bank of the amounts deposited in the Special Collection Account. In addition to the foregoing charges, Bank shall charge Borrower customer demand deposit account charges, including, but not limited to, item charges, bank wire charges, lock box charges, stop payment charges and other charges associated with demand deposit accounts used in financings of this kind.

Collected Balance means the balance of an Account without regard to Holds, uncollected items (i.e., Float), Memo Posted Credits, and Memo Posted Debits.