Deceased Account definition

Deceased Account means an Account that fits one or more of the following descriptions as of the Cut-Off Time:
Deceased Account means any Account (a) as to which the Cardholder is deceased as of the Preliminary Cut-Off Time or Closing Effective Time or (b) that is or should have been (in accordance with the Policies and Procedures) statused as a deceased Account on the Processing System as of the Preliminary Cut-Off Time or Closing Effective Time.

Examples of Deceased Account in a sentence

  • The Customers are advised to refer to the “Policy on Settlement of Claims in respect of Deceased Account Holders” of the Bank available at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇/regulatory- policies.html for detailed guidelines on settlement of death claim.

  • The Customers are advised to refer to the “Policy on Settlement of Claims in respect of Deceased Account Holders” of the Bank available at ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇/regulatory-policies.html for detailed guidelines on settlement of death claim.