Fixed Term Deposit Account definition

Fixed Term Deposit Account means an Account used to hold one or more Fixed Term Deposits; “FSCS” means the UK’s Financial Services Compensation Scheme.
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Fixed Term Deposit Account means a fixed term deposit account offered by us with the features and subject to the terms as set out in Term 6.2;
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Fixed Term Deposit Account means an Account used to hold one or more Fixed Term Deposits;
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Examples of Fixed Term Deposit Account in a sentence

  • A Fixed Term Deposit Account, from which partial early withdrawals are permitted, is subject to withdrawal penalties of seven days simple interest on amounts withdrawn within six days after each partial withdrawal.

  • The term and rate of interest of your deposit will be set on the date that your Fixed Term Deposit Account is opened and on subsequent renewals, if any.

  • Such interest (if any) will be paid into your Fixed Term Deposit Account unless you instruct us otherwise.

  • We shall be entitled to accelerate the maturity of any Fixed Term Deposit Account.


More Definitions of Fixed Term Deposit Account

Fixed Term Deposit Account means any deposit placed with us for a fixed period of time but not less than seven (7) days in accordance with the terms set out in clause 6.1 of these Terms;
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Related to Fixed Term Deposit Account

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • 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.

  • Excluded Deposit Accounts means (i) any payroll account, (ii) any withholding tax, benefits, escrow, trust, customs or any other fiduciary account and (iii) any zero balance deposit account.

  • Control Account means a Securities Account or Commodity Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities Account or a Commodity Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained therein.

  • Deposit Account Control Agreement means an agreement in a form that is reasonably satisfactory to the Administrative Agent establishing the Administrative Agent’s Control with respect to any Deposit Account.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

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

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance reasonably satisfactory to the Administrative Agent.

  • Controlled Account means each deposit account and securities account that is subject to an account control agreement in form and substance satisfactory to the Administrative Agent and the L/C Issuer.

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.