1. Definitions
- In these conditions
a) “Agreement” means the agreement between the Bank and the Cardholder, the Terms and Conditions of Use of I&M Bank International Visa Credit Card, as varied from time to time.
b) “ATM” means an Automated Teller Machine or Point-of-Sale machine operated by the Bank or any other member of Visa.
c) “Authorised User” means a person nominated under Condition 13 (a) to whom the Bank shall have issued a Card.
d) “Card” means the I&M Bank International Visa Credit Card issued to Cardholder.
e) “Cardholder” means any person to whom a Card is issued by the Bank.
f) “Card Account” means any Account maintained by the Bank in relation to Card Transaction.
g) “Card Transaction” means any payment made or cash advance obtained by the use of the Card, the Card number or in any manner authorized by a Cardholder for debit to the Card Account.
h) “Charges” means any fees or interest charged on the Card Account.
i) “Credit Limit” means the maximum debit balance permitted on the Card Account as determined by the Bank in its sole discretion and notified to the Principal Cardholder.
j) “Due Date” means the date of the statement referred to in Clause 6 (a) or as determined by the Bank pursuant to this Agreement.
k) “Rwanda” means the Republic of Rwanda..
l) “Principal Cardholder” means any person in whose name a Card Account is maintained pursuant to such person’s application for establishment of a Card Account.
m) “PIN” means any Personal Identification Number issued to a Cardholder.
n) “Shillings” means “Rwanda shillings’ in the currency of Rwanda.
o) “Statement” means the monthly statement referred to in Clause 5 (a).
p) “Supplementary Cardholder” means a person nominated under Condition 13 (a) to whom the Bank shall have issued a Card on instruction of the Principal Card Holder.
q) “The Bank” means I&M Bank Limited.