Drawings Account definition
Drawings Account means a bank account with NAB held by JBWere and which is basic deposit product (as that term is defined in the Corporations Act) that is used by us for
Drawings Account means a bank account with NAB held by JBWere and which is basic deposit product (as that term is
Drawings Account means an account opened and maintained by the Contractor in a bank in Grenada for the purpose of receiving monies payable to it by the Project Company under the Contract;
Examples of Drawings Account in a sentence
The General Partner will establish a drawings account (the "Drawings Account") on the books of the Partnership for each of the General Partner and each Limited Partner to which Net Income or Loss and all other amounts to which Partners are entitled, other than Capital, are accredited and to which losses and all distributions to Partners are charged.
The debit or credit balance in the Drawings Account of the Limited Partners will be allocated to them in proportion to the balance from time to time standing to their credit in their respective Capital Accounts.