Cash Items definition

Cash Items means cash as the same is presented in the Company's audited consolidated financial statements for its most recently completed fiscal year.
Cash Items means cash, coins, paper currency, demand deposits with banks, timely checks of others, certified checks, bank drafts, money orders, travelers checks, letters of credit, and shares of a registered investment company that holds itself out as a money market fund and seeks to maintain a stable net asset value of $1.00 per share.
Cash Items means all cash items, suspense items and items in process of collection, that are related to the Branch Deposits and Branch Loans and (i) which, on the Closing Date, have not been outstanding and uncollected for a period in excess of 10 days, or (ii) which otherwise are acceptable to Purchaser.

Examples of Cash Items in a sentence

  • When such prior credit to deposit accounts is given in connection with automated arrangements, the credits should be offset by appropriate debit entries to item B.1, Cash Items in Process of Collection.

  • When such prior credit to deposit accounts is given in connection with auto- mated arrangements, the credits should be offset by appropriate debit entries to item B.2, Cash Items in Process of Collection.Reservable obligations for which settlement is in clearinghouse or uncollected funds should be reported as of the date that the transaction is executed and not as of the settlement date or date that collected funds are to be received.D.9. Overdrafts or Negative Balances.

  • Cash Items in Process of Collection (Item B.2) Cash items in the process of collection consist primarily of the reporting institution’s checks or drafts, deposited by its customers (including other depository institutions), that have been sent for collection through another entity for which settlement has not occurred and the funds are not immediately available.

  • These items should be reported in item B.2, Cash Items in Process of Collection, until they have been charged to either individual or general ledger deposit accounts.Unposted credits consist of items that have been received for deposit and that are in process of collection but have not been posted to individual or general ledger deposit accounts.

  • NOTE: Checks or drafts in process of collection that are drawn on another depository institution and that are payable immediately upon presentation in the U.S., are to be reported in either Item B.1., Demand Balances Due From Depository Institutions, or Item B.2., Cash Items in Process of Collection.


More Definitions of Cash Items

Cash Items means demand checking accounts, investments in money market funds registered under the Investment Company Act and high quality short-term debt instruments held solely for the purpose of providing immediate working capital and short-term liquidity.
Cash Items means all cash items, suspense items and items in process of collection, that are related to the IB Deposits.
Cash Items means securities and cash and cash equivalent items.
Cash Items means all cash items, suspense items and items in process of collection, that are related to the Branch Deposits and Branch Loans and (i) which, on the Closing Date, have not been outstanding and uncollected for a period in excess of 30 days, or (ii) which otherwise are acceptable to Purchaser. "Closing" and "Closing Date" shall have the meanings assigned to them in Section 4.1 of the Agreement. "Closing Payment" shall have the meaning set forth in Section 3.2. "Demand Deposits" means individual, partnership, corporate and any other negotiable deposits, including, without limitation, NOW accounts. "Deposit" shall have the meaning set forth in Section 3(1) of the Federal Deposit Insurance Act, 12 U.S.C. '1813(l), including, without limitation, individual retirement accounts ("XXX") and cash management accounts. "Depository Institution" means any bank or savings association as those terms are defined in Section 3(c) of the Federal Deposit Insurance Act, 12 U.S.C. '1813(c), and any credit union. "Effective Time" means the 12:01 a.m. on the Closing Date. "Employees" means the employees assigned to the Branch Office from the date of the Agreement through Closing. "Equipment Leases" shall have the meaning set forth in Section 2.1(g). "ERISA" means the Employee Retirement Income Security Act of 1974, as amended. "Excluded Assets" shall have the meaning set forth in Section 2.2. "Excluded Deposits" means (i) Brokered Deposits, (ii) deposits which are the subject of attachment, garnishment or other legal process, (iii) such other Deposits as are described on Schedule 2.4(a) hereto, and (iv) related Accrued Interest Payable on such Excluded Deposits. "FDIC" means the Federal Deposit Insurance Corporation. "Federal Funds Rate" shall be the weighted daily mean of the high and low rates quoted for Federal Funds in the Money Rates Column of The Wall Street Journal, or if not reported for such day, the average of such quotations for the last previous day for which such quotations were reported, for the period between the Closing Date and the Adjustment Payment Date. "Final Closing Statement" shall have the meaning set forth in Section 4.3. "GAAP" means generally accepted accounting principles, applied on a consistent basis. "Jumbo Deposit" means a certificate of deposit with a balance of one hundred thousand dollars ($100,000) or more. "Net Book Value" means the value of an asset on the books of Seller as of the Closing Date determined in accordance with GAAP, but withou...
Cash Items means demand checking accounts, investments in money market funds registered under the Investment Company Act and high quality short-term debt instruments held solely for the purpose of providing immediate working capital and short-term liquidity. Schedule 4.4(a)-9 “face-amount certificates of the installment type” means any certificate, investment contract, or other security which represents an obligation on the part of its issuer to pay a stated or determinable sum or sums at fixed or determinable times more than twenty-four (24) months after issuance, in consideration of the payment of periodic installments.
Cash Items means all cash items, suspense items and items in process of collection, that are related to the IB Deposits. "CFB IB Operation" shall mean the CFB Internet banking operation described in Section 2.2 hereof. "Deposit" shall have the meaning set forth in Section 3(1) of the Federal Deposit Insurance Act, 12 U.S.C. ss1813(l), including, without limitation, individual retirement accounts and cash management accounts. "IB Contracts" means any leases, contracts and other agreements owned by CFB and utilized principally in the CFB IB Operation. "IB Deposit" means a Deposit (except South Carolina Deposits), including Accrued Interest Payable thereon, which has been gathered through the CFB IB Operation. "IB Loan" means any loan substantially effected through the CFB IB Operation and any other loans of such types or categories and in such amounts as are agreed upon by the parties hereto, together with any Accrued Interest Receivable thereon, the related servicing rights and all records associated therewith. "Net Book Value" means the value of an asset on the books of CFB as of the date of the Transfer determined in accordance with Generally Accepted Accounting Principles ("GAAP"), but without regard to any general allowance for credit losses. "Premier Charter" shall mean the thrift charter of Premier Bank, FSB. "South Carolina Deposits" shall mean IB Deposits associated with customers who on the date hereof,
Cash Items means demand checking accounts, investments in money market funds registered under the Investment Company Act and high quality short-term debt instruments held solely for the purpose of providing immediate working capital and short-term liquidity. SCHEDULES 4.4(a) (to Note Purchase Agreement) “face-amount certificates of the installment type” means any certificate, investment contract, or other security which represents an obligation on the part of its issuer to pay a stated or determinable sum or sums at fixed or determinable times more than twenty-four (24) months after issuance, in consideration of the payment of periodic installments.