Examples of Account Year in a sentence
When a variable Annuity Payment has been elected, four free Transfers are allowed each Account Year among the Subaccounts available during the Annuity Period.
You may have to pay an early repayment charge at the end of an Account Year as described in the Mortgage Offer.
We will also recalculate the Monthly Payments to take account of any Overpayments at the end of an Account Year or whenever we change the Monthly Payment under condition 5.6 (and we will always do this if the amount of the Overpayments exceeds £1,000).
Within 90 days from the close of each Custodial Account Year, the Custodian shall render an accounting (valuing the assets fair market value) to the Responsible Individual, which accounting may consist of copies of regularly issued broker-dealer statements to the Custodian.
These definitions apply only to this section 21: Account Year means the period of 12 Months from the Funds Release Date (as defined in section 1) and each successive period of 12 Months afterwards.Flexible Options means the ability to make Overpayments, Underpayments and to take Payment Holidays in line with this section 21.Overpayment Fund means the maximum amount that we are prepared to allow you to underpay on your Flexible Mortgage, whether as a result of an Underpayment or a Payment Holiday.