AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;
Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.
Concentration Accounts has the meaning ascribed to it in Annex C.
Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.
Billing Account is the checking account from which all Service fees will be automatically debited.