Client Trust Account definition

Client Trust Account means a separate account created by a licensed attorney for the purpose of holding client funds, which is:
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Client Trust Account means the client trust account established at
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Client Trust Account means a client account held by us on trust for you;
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Examples of Client Trust Account in a sentence

  • Client agrees that Attorney’s right to recover fees and costs from the Deposit or any subsequent deposit held in Attorney’s Client Trust Account becomes fixed ____ [PROVIDE NUMBER] days after the date a bill is sent to Client.

  • As disclosed in our DIRRI dated 25 August 2021, we received an upfront payment of $100,000 from the Company’s Director Mr Andrew Micos into our Client Trust Account on 22 August 2021.

  • According to the ABA Standing Committee on Client Protection, the ABA Model Rules for Client Trust Account Records responds to a number of changes in banking and business practices that may have left lawyers ‘‘inadvertently running afoul of their jurisdiction’s rules of professional conduct.’’ The new rule addresses recordkeeping requirements after electronic transfers and clarifies who can authorize such transfers.

  • No client may elect whether his/her funds should be deposited in an IOLTA Trust Account, receive interest or dividends earned on funds in an IOLTA Trust Account, or compel a lawyer/firm to invest funds that are nominal in amount or to be held for a short period of time in a Client Trust Account.

  • Every Trust Account shall bear the name of the lawyer/firm and be clearly designated as either an IOLTA Trust Account or a Client Trust Account established under this Rule.

  • In the event there is any money from any deposit remaining in Attorney’s Client Trust Account after Attorney’s final bill is satisfied, that money will be promptly refunded to Client.

  • If the bank’s policy is not to denote such a designation on the signature card or account application, the applicant must provide the Department with a signed letter from the financial institution (on their letterhead) that identifies the account number, account name or title, and states that the financial institution acknowledges that the account is a Trust Account or an Escrow Account or a Client Escrow Account or a Client Trust Account or Statutory Trust Account or Statutory Escrow Account.

  • Client Trust Account") may be subject to levies and other legal process against your property unless the Bank's records clearly reflect the existence of an express written trust or court order.

  • The Commission’s The Client Trust Account Handbook, was republished in January 2010, with new Rule 1.15 and the amendment to the rule dealing with advanced fees.

  • This means it holds clients' money separately from the firm's money in a designated Client Trust Account in an EU regulated credit institution.


More Definitions of Client Trust Account

Client Trust Account means the account described in Section ‘D’ of these Terms and Conditions.
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Client Trust Account as defined in Section 3.2.
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Client Trust Account means Class Counsel's IOLTA account as defined in and maintained in accordance with the Illinois Rules of Professional Conduct.
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Client Trust Account means any bank account specified by us, into which we require Accounts Receivable to be paid;
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Client Trust Account means the account described in Section ‘D’ of these Terms
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Related to Client Trust Account

  • Trust Accounts means the Collection Account and the Reserve Account.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Liquidating Trust Assets means all assets of the Debtors as of the Effective Date, including, without limitation, (a) all Cash on hand, (b) all proceeds of the Sale, (c) all rights under (i) the Asset Purchase Agreement and any payments owing to the Debtors thereunder, (ii) the Sale Order, and (iii) any other order of the Bankruptcy Court, (d) any Tax Refund, (e) all Retained Causes of Action, (f) all interests in real property, (g) all proceeds of any of the foregoing and all proceeds of any of the foregoing received by any person or Entity on or after the Effective Date, and (h) all of the Debtors’ books and records.

  • Trust Collection Account shall have the meaning assigned to such term in Section 5.01(c).

  • Collection Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • Pre-Funding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.05 in the name of the Trustee for the benefit of the Certificateholders and designated "The Bank of New York, in trust for registered holders of CWABS, Inc., Asset-Backed Certificates, Series 2001-1." Funds in the Pre-Funding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder, provided, however that any investment income earned from Permitted Investments made with funds in the Pre-Funding Account will be for the account of the Depositor.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Master Trust means Citibank Credit Card Master Trust I.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.