Crystallise definition
Crystallise means, in relation to a Claim of a Scheme Creditor, the occurrence of any event where as a result thereof, the claim becomes a legally valid and binding debt then actually due.
Crystallise means to designate all or part of your SIPP fund to provide retirement benefits.
Crystallise means to designate all or part of the uncrystallised funds in your SIPP or another registered pension scheme to a Benefit Crystallisation Event, for example to provide benefits.
Examples of Crystallise in a sentence
Cygnet covenants with the Senior Creditors (while any Senior Indebtedness remains outstanding) not without the prior written specific consent of the Senior Creditors to take any step (whether under Clause 7 of the Junior Charge or otherwise) which would or might Crystallise the floating charge created under the terms of the Junior Charge provided that this Clause 12.2 shall not prevent Cygnet serving a Permitted Demand on the Borrower.
More Definitions of Crystallise
Crystallise means to designate all or part of the uncrystallised funds in a member’s contribution credit or another registered pension scheme. A crystallisation event, for example to provide benefits.