Minor account holder definition

Minor account holder means an account holder who is younger than 18 years of age.
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Minor account holder means an Account Holder who has not attained Eighteen (18) years of age.
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Minor account holder means an account holder who is a minor.
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Examples of Minor account holder in a sentence

  • After verification of the AOF and documentation, details of the Guardian of the Minor account holder shall be suitably modified in the CDSL system.

  • However, a Current Account can be relinquished to the named Minor account holder from the age of sixteen (16) years, provided he or she is in employment and if permission is given by the signatory of the said Account.

  • List items by major type, cost per unit, and the basis of the computation.

  • We also receive fees from brokers with whom the Sponsoring Company has set up arrangements for you to sell your shares or buy additional shares.

  • A Minor account holder with Limited Capacity has the right to freely dispose of his/ her Bank Account, which the Legal Representative consents to by signing the Framework Agreement.

  • As set out in the Announcement, the Legal Representative shall be entitled to take certain legal actions and make certain legal statements on behalf of the Minor independently as well, whereas the Minor account holder shall be entitled to take certain legal actions and make certain legal statements together with the Legal Representative only.

  • By submitting the application, the Legal Representative consents to the Bank providing the Minor account holder with the Means of Identification necessary for the disposal of the Bank Account through the Electronic Channels and to the Minor disposing of the Bank Account through the Electronic Channels.

  • However a Current Account can be relinquished to the named Minor account holder from the age of sixteen (16) years, provided he or she is in employment and if permission is given by the signatory of the said Account.


More Definitions of Minor account holder

Minor account holder means an Account Holder who has not attained Eighteen (18) years of age or such other age as the Bank may determine in its discretion.
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Related to Minor account holder

  • Account Holder The term “Account Holder” means the person listed or identified as the holder of a Financial Account. A person, other than a Financial Institution, holding a Financial Account for the benefit of another person as an agent, a custodian, a nominee, a signatory, an investment advisor, an intermediary, or as a legal guardian, is not treated as the Account Holder. In these circumstances that other person is the Account Holder. For example in the case of a parent/child relationship where the parent is acting as a legal guardian, the child is regarded as the Account Holder. With respect to a jointly held account, each joint holder is treated as an Account Holder.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Principal Participant means any of the following entities:

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.