Family of Accounts definition

Family of Accounts means the primary share account and all of the sub accounts attached to it. A primary share account may have multiple sub accounts attached to it, such as share draft (checking) accounts, share certificates, credit cards, loans, lines of credit, mortgages, etc.
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Family of Accounts. A primary share account may have multiple subaccounts attached to it, such as share-draft (checking) accounts, share certificates, credit cards, loans, lines of credit, mortgages, etc. The primary share account and all of the subaccounts attached to it are referred to as a “Family of Accounts.” See section 2 below regarding important information concerning the ability of persons who have online access to make transactions and to obtain information for the entire Family of Accounts.
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Examples of Family of Accounts in a sentence

  • This means that the third-party may make Online Services transactions (including withdrawals, transfers, and draws on lines of credit) in all accounts in the Family of Accounts, even if such person does not have authority to do so in person.

  • That third-party will also have access to information (such as records of transactions, account histories, balances, delinquencies, loans, applications, disbursements, deposits, withdrawals, debits, draws, charges, transfers, payments, etc.) for all accounts within the Family of Accounts.

Related to Family of Accounts

  • Statement of Account means the consolidated statement of account, or statement of account, issued by us every month to you setting out transactions of your Account(s).

  • Management Accounts means the unaudited management accounts of the Company comprising a balance sheet as at the Management Accounts Date and a profit and loss account for the period which began on the Accounts Date and ended on the Management Accounts Date;

  • Bank Account means one or more accounts opened, maintained and operated by the Portfolio Manager with any of the Scheduled Commercial Banks in accordance with the agreement entered into with the Client.

  • Designated Bank Account means the relevant bank account designated by each Holder;

  • Schedule of Accounts means an aged trial balance and reconciliation to the Borrowing Base in form and substance reasonably satisfactory to the Administrative Agent (which may at the Administrative Agent’s discretion include copies of original invoices) listing the Accounts of the Borrower, certified on behalf of the Borrower by a Duly Authorized Officer, to be delivered on a monthly basis to the Administrative Agent by the Borrower pursuant to Section 8.1(d) hereof.

  • Bank Accounts means those account(s) opened and maintained for the Trust by the Trustee at Banks, the beneficial ownerships in which shall vest in the Unit Holder(s).

  • Deposit Accounts means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Accounts means all presently existing and hereafter arising accounts, contract rights, and all other forms of obligations owing to Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by Borrower, whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower's Books relating to any of the foregoing.

  • Nominated Bank Account means MDL’s bank account as notified by MDL to the other Party from time to time.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Investment Account As defined in Section 3.12(a).

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.