| h. |
“Cash Advance” means an advance or
payment made in any currency or by Travelers Cheques or other forms representing an amount
of any currency but shall not include any withdrawals from any account with PBL. |
| i. |
“MasterCard” means MasterCard
International Incorporated. |
| j. |
“Merchant” means any person or
entity with whom PBL or any member of MasterCard has a subsisting agreement relating to
the use and or acceptance of the Card in payment to such person of entity whether for
goods, services or changes incurred and or to obtain Cash Advances for such person or
entity. |
| k. |
“Outstanding Balance “ in relation
to any Card Account Statement means the outstanding balance in favour of PBL as stated
therein or where more than one outstanding balances is stated therein the total of all the
outstanding balance stated herein. |
| l. |
“PIN” in relation to any Card
means the Personal Identification Number assigned by PBL to that Card which will be used
for accessing Cardholder’s nominated Card Account through an ATM. |
| m. |
“Principal Cardholder” means the
persons to whom a Card is issued on his application alone. |
| n. |
“Supplementary Cardholder” means the
persons (other then the Principal Cardholder) to whom a Card is issued on the application
or request of the Principal Cardholder whether alone or joining with such person. |
| o. |
“Payment Due Date” means the last
date of payment and is usually 15 days from the date of statement, if not otherwise
mentioned, and specified on the Card Account Statement. At least, the Minimum Payment Due
(excluding the overdue amount) must be paid by the Cardholder within the due date at Card
Division of PBL’s Head Office. Any overdue/over limit amount must be paid
immediately. |
| p. |
"Company" means when used in
relation to a Cardholder shall include (I) Company of which such Cardholder is Director or
Employee, (ii) Business Enterprise of which such Cardholder is the sole proprietor and
(iii) Firm of which such Cardholder is a Partner. |
