Definitions for "OVERLIMIT"
Referral of a file, which exceeds the limit for the nominated account set up by the sponsor. This condition is not referred during out of hours. Participants of the Direct Debit Scheme These are the sponsor, the originator and the paying banks.
This refers to when your account has surpassed its credit limit with a transaction.
This refers to a cardholder account that has surpassed its credit limit with a transaction (i.e., the cardholderâ€(tm)s outstanding balance is beyond his/her credit limit).