Credit Limit definition

Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.

Credit Limit. As to any Mortgage Loan, the maximum principal balance permitted under the terms of the related Credit Line Agreement.

Credit Limit means the maximum Asset Balance for each Mortgage Loan permitted under the terms of the related Credit Line Agreement.

Examples of Credit Limit in a sentence

• If the Debt outstanding on a Card Account exceeds the Credit Limit, Neo may, but is not required to, suspend use of the Card and Card Account until such time as the Debt for the Card Account is within the Credit Limit.

• Your Credit Limit will be increased by the amount of security funds provided (except if you are a resident of Quebec), or as otherwise determined by us.

• Cards must not be used in a manner which would cause the unpaid balance of the Card Account to exceed, at any time, the authorized Credit Limit of the Card Account in effect at such time, unless we or our authorized agent approve the particular transaction.

• Payments may not automatically adjust the available Credit Limit.

• The Credit Limit is shared among all Cards issued on the Card Account and any applicable Instalment Plans.

More Definitions of Credit Limit

Credit Limit means the limit imposed by Maybank against the Cardmember for the use of the Credit Card;

Credit Limit means the minimum debit balance permitted by the Bank for the Card Account for the Primary and the Supplementary/Additional Card(s), if any, and notified to the Primary Cardholder from time to time.

Credit Limit means the maximum amount that you are allowed to have outstanding on your Account at any time, as detailed on your monthly credit card statement.

Credit Limit means, with respect to each HELOC, the maximum amount permitted under the terms of the related Credit Line Agreement.

Credit Limit. As to any HELOC Mortgage Loan, the maximum principal balance permitted under the terms of the related Credit Line Agreement.

Credit Limit. Means the maximum dollar amount of credit that Bank has authorized for your Account.

Credit Limit in relation to any Card Account means the amount as specified by DBS from time to time up to which the Outstanding Balance on that Card Account may reach before DBS refuses to authorise or approve any further Card Transactions on that Card Account.