Account Balance definition
Examples of Account Balance in a sentence
If an item of Collections is not honored or Lender does not receive good funds for any reason, any amount previously transferred to Borrower’s Account or applied to the Account Balance shall be reversed as of the date transferred or applied, as applicable, and, if applied to the Account Balance, the Finance Charge will accrue as if the Collections had not been so applied.
B▇▇▇▇▇▇▇ agrees to pay to L▇▇▇▇▇ the Finance Charges on the Account Balance when due hereunder.
After the Executive’s death, the Bank shall pay to the Executive’s Beneficiary the sum of (a) the Account Balance as of the date of the Executive’s death and (b) the full Credit Amount required for the Plan Year of the Executive’s death, as provided for on Schedule A (unless already made).
Contributions to the Account Balance by the Executive are prohibited.
The Account Balance shall be paid to the Executive’s Beneficiary in a single lump sum by March 15th following the Plan Year of the Executive’s death occurs.