FPCB definition
Examples of FPCB in a sentence
FPC-B RECOVERED PROPERTY If the Insured or Underwriters recover any property, money or Data Assets after a loss payment is made, the party making the recovery must give prompt notice of the recovery to the other party.
When an FPCB Deposit, or portion thereof, is so released by the City, the associated portion of the Fiscal Posting Credit Bank will again be available.
During the time an FPCB Deposit is outstanding, such amount will be unavailable under the Fiscal Posting Credit Bank until such time as the City releases such FPCB Deposit in accordance with Applicable Laws that would otherwise be applicable to a posting of fiscal security.
Upon approval of an FPCB Request, such designated portion of the Fiscal Posting Credit Bank, to the extent available, will serve as the fiscal deposit which would otherwise be required by Applicable Laws (such portion, an “FPCB Deposit”).