Deposit Tenor definition

Deposit Tenor means the period for the Deposit agreed between the Customer and the Bank commencing on, and including, the Value Date and ending on, but excluding, the Maturity Date (definition see below);
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Deposit Tenor means the life period of the Deposit from the Deposit Opening Date to the Deposit Maturity Date. Long-Term Deposit means a Deposit placed for a tenor longer than one month or for a non-fixed period of time (non-fixed deposit). Short-Term Deposit means a Deposit placed for a tenor longer of up to one month (inclusive).
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Deposit Tenor means the number of calendar days from (and including) the Start Date to (but excluding) the Scheduled Maturity Date as specified in the relevant Confirmation;
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Examples of Deposit Tenor in a sentence

  • Party A agrees that the Structured Deposit Tenor shall not be renewed automatically upon the Maturity Date.

  • Once the applicant selects the deposit plan/scheme specified in the Application at the time of placing the Deposit, Tenor and interest payout frequency, the applicant will not have the option to subsequently revise the deposit plan/scheme.

  • The Customer agrees to place the Deposit with the Bank in the Deposit Currency and at the Principal Amount for the Deposit Tenor.

  • Deposit Tenor The system calculates the tenor of the deposit account to the difference between Interest start date and Maturity date and displays it.

  • It does not reflect the Actual Distribution Rate for the Deposit Tenor of the Hang Seng GLD (with Paper Gold as the Initial Investment).

  • It does not reflect the Actual Distribution Rate for the Deposit Tenor of the Hang Seng GLD (with Cash as the Initial Investment).

  • Once the applicant selects the deposit plan/scheme specified in the Application at the time of placing the Deposit, Tenor and interest payout frequency, the applicant will not have the option to subsequently revise the deposit plan/scheme.

  • Interest on the Principal Amount of the Deposit shall be accrued at the Interest Rate during the Deposit Tenor as specified in the Deposit Confirmation and shall be calculated on the basis of the actual number of days in the Deposit Tenor divided by the applicable day count convention for the Deposit Currency as conclusively determined by the Bank.

  • Interest on the Principal Amount of the Deposit shall be accrued at the Interest Rate during the Deposit Tenor as specified in the Confirmation of Structured Deposit and shall be calculated on the basis of the actual number of days in the Deposit Tenor divided by the applicable day count convention for the Deposit Currency as conclusively determined by the Bank.

  • The Bank reserves the right in its sole discretion, on or before the Value Date, not to accept any funds received (or to accept only part of such funds) as the Deposit for the Deposit Tenor.

Related to Deposit Tenor

  • Deposit Taker shall have the meaning assigned to it in the Pledge Agreement.

  • Deposit Holder means _________ (state name and location of Deposit Holder) or, if left blank, the Sellers' Bank, which shall hold and release the Deposit in accordance with this Agreement.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Escrow Paying Agent Means the Person acting as paying agent under the Escrow Agreement.

  • Deposit Bank means any of the banks holding one or more Deposit Accounts.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Escrow Agent means the entity designated to serve as escrow agent under the Escrow Agreement.

  • Special deposit claim means a claim secured by a deposit made pursuant to statute for the security or benefit of a limited class or classes of persons, but not including a claim secured by general assets.

  • Deposit Securities means, as of any date, any United States dollar-denominated security or other investment of a type described below that either (i) is a demand obligation payable to the holder thereof on any Business Day or (ii) has a maturity date, mandatory redemption date or mandatory payment date, on its face or at the option of the holder, preceding the relevant payment date in respect of which such security or other investment has been deposited or set aside as a Deposit Security:

  • Escrow Bank has the meaning specified in Section 2.15(c).

  • Deposit-type contract means contracts that do not incorporate mortality or morbidity risks and as may be specified in the valuation manual.

  • Deposit Premium means a provisional premium which is agreed upon in the event of it being impossible at the due date of the premium to determine the exact premium, and which represents a reasonable estimate of the premium;

  • Deposit means a deposit as defined in 12 U.S.C. Section 1813(l), including without limitation, outstanding cashier's checks and other official checks and all uncollected items included in the depositors' balances and credited on the books and records of the Failed Bank; provided, that the term "Deposit" shall not include all or any portion of those deposit balances which, in the discretion of the Receiver or the Corporation, (i) may be required to satisfy it for any liquidated or contingent liability of any depositor arising from an unauthorized or unlawful transaction, or (ii) may be needed to provide payment of any liability of any depositor to the Failed Bank or the Receiver, including the liability of any depositor as a director or officer of the Failed Bank, whether or not the amount of the liability is or can be determined as of Bank Closing.

  • Deposit Period With respect to each Payment Date, the period beginning immediately following the preceding Deposit Period (or, in the case of the Deposit Period that is applicable to the first Payment Date, beginning on the first day of the month in which such first Payment Date occurs) and ending at the close of business on such Payment Date.

  • Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.

  • Escrow Holder means the bank or trust company designated as such pursuant to Section 9 hereof.

  • Depository Bank means the Institution that issues a specific Depositary Receipt on behalf of the underlying company. The Depository Bank maintains a holding of Stock in the Underlying on which it is able to issue Depositary Receipts;

  • Fund Deposit means the deposit of funds transferred by the Client or the Client's Authorized person and credited to the Company Account for transfer to the Client's Account.

  • Certificate of deposit means an instrument containing an acknowledgment by a bank that a sum of money has been received by the bank and a promise by the bank to repay the sum of money. A certificate of deposit is a note of the bank.

  • Earnest Money means the amount equal to 10% of Consideration as specified in the Application Form / Provisional Allotment Letter;

  • Deposit Amount is the amount GLAIC credits to the Accumulation Fund on the Deposit Date as set forth in the Accumulation Fund Schedule.

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Deposit Secured Loan means a loan in which the only collateral securing the loan is Assumed Deposits or deposits at other insured depository institutions