Examples of Deposit Account in a sentence
No portion of the Security Deposit Account may be used to secure other loans.
You represent that there are no current lawsuits or bankruptcy proceedings that might affect our interest in the Security Deposit Account or the Funds.
The Bank will retain the right to seek an independent audit of the Deposit Account by an auditor acceptable to the Bank, to seek reassurance on the accuracy of the information relating to transactions from this account that was provided by the Borrower, and that funds in this account were not used to finance expenditures excluded under the Loan Agreement.
If we determine that you qualify for return of any Funds from the Security Deposit Account, we will return these Funds to you by a method we deem sufficient.
A Certificate of Deposit is a Deposit Account on which we agree to pay a stated rate of interest for a stated period of time.