Deposit Account definition

Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.
Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.
Deposit Account means any deposit account (as that term is defined in the Code).

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.


More Definitions of Deposit Account

Deposit Account means the account referred to in Section 2.02 (b) of this Agreement;
Deposit Account means a “deposit account” (as defined in Article 9 of the UCC), an investment account, or other account in which funds are held or invested for credit to or for the benefit of any Borrower.
Deposit Account has the meaning set forth in Section 9105 of the Code.
Deposit Account means the account referred to in paragraph 4 of Schedule 3 to this Loan Agreement;
Deposit Account means a demand, time, savings, passbook or similar account maintained with a Person engaged in the business of banking, including a savings bank, savings and loan association, credit union or trust company.