Ledger Balance Definition - Law Insider

Ledger Balance definitionLedger Balance means current balance excluding Float, as reflected in the Supporting Documents.View SourceBased on 5 documents5Draft with AISplit ViewAI-Powered Contracts

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Get StartedSchedule a DemoLedger Balance means the balance in an Account without reductions for Pending Transactions or holds on deposited funds.View SourceBased on 4 documents4Draft with AILedger Balance means the current cumulative credit or debit on the Ledger at any particular time.View SourceBased on 3 documents3Draft with AI

Examples of Ledger Balance in a sentence

• Collected Balance Collected Balance is the Ledger Balance minus the amount of any deposited checks for which we have not received provisional credit from the bank of account.

• The Ledger Balance is different than the Available Balance in your Account.

• Your Ledger Balance includes the full amount of any deposits made to your account without regard to any portion of a deposit that may be on “hold.” (See our Funds Availability Policy Disclosure for how and when holds may be placed on deposits.) Your Ledger Balance is also referred to as your Current Balance in some account summaries that are available to you.

• Your Ledger Balance or Current Balance, defined below, is not the same as your Available Balance and it is important to understand the differences between these two balances.

• At the end of each Business Day, we process transactions on your Account by starting with the Ledger Balance at the end of the previous Business Day and subtracting from this amount any Holds on your Account.

More Definitions of Ledger Balance

Ledger Balance means the monies in the dormant account on the date of transfer of those monies to the Government under this section together with any accrued interest thereon but excluding any charges that may lawfully be withheld by the account provider.View SourceBased on 3 documents3Draft with AILedger Balance means the balance in the Borrower's Operating Account at the end of each Business Day after all debits and credits for that Business Day have been posted.View SourceBased on 3 documents3Draft with AILedger Balance is your Account’s balance at the start of each Business Day. “Post (-s, -ing, -ed)” occurs when a debit or a credit is applied to your Ledger Balance and the transaction is completed. When a Check or other debit such as a Debit Card Transaction or ATM withdrawal is presented for payment against your Account, it Posts during overnight processing along with credits, such as deposits and any other transactions that occurred since the last Posting. Posting occurs on all Business Days.View SourceBased on 3 documents3Draft with AILedger Balance meanstheamount of fundsin your accountreflectingdeposits and withdrawals that have posted to your account. Thisisshownon your accountstatement in the Daily Balances section. It does not reflectholds, outstandingchecks, or any transactions we have committedtopay, but which have not yet been deducted from your account. Your Ledger Balance only changes once at the end of each business day.View SourceBased on 2 documents2Draft with AILedger Balance means the amount of funds in your account reflecting deposits and withdrawals that have posted to your account. This is shown on your account statement in the Daily Balances section. It does not reflect holds, outstanding checks, or any transactions we have committed to pay, but which have not yet been deducted from your account. Your Ledger Balance only changes once at the end of each business day.View SourceBased on 2 documents2Draft with AILedger Balance is your Account’s balance at the start of each Business Day. This Balance is used to calculate interest for all time deposit Accounts and retirement savings Accounts. “Mobile/Online Agreements” are any agreement(s) that you have with the Bank regarding any mobile or online banking services that the Bank may make available to you in connection with your Account, including but not limited to agreements with the following titles: e-Bankoh Consumer Agreement and Disclosure Statement, Bank of Hawaii Mobile and Online Banking Consumer Terms of Use, and e-Bankoh Mobile Banking Services Agreement. “Post (-s, -ing, -ed)” occurs when a debit or a credit is applied to your Ledger Balance and the transaction is completed. When a check or other debit such as a Debit Card Transaction or ATM withdrawal is presented for payment against your Account, it Posts during overnight processing along with credits, such as deposits and any other transactions that occurred since the last Posting. Posting occurs on all Business Days.View SourceBased on 2 documents2Draft with AILedger Balance means the balance reflected on Lender’s books as the amounts deposited in the Special Collection Account. Notwithstanding the foregoing, unless and until an occurrence of an Event of Default, funds deposited in the Special Collection Account shall be transferred into the Borrower’s operating and investment account with Lender as the funds are received.View SourceBased on 2 documents2Draft with AI

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