Funds Account definition

Funds Account means an account held by you or any third parties maintained with any Participant.
Funds Account means a reserve and/or clearing account at a Federal Reserve Bank to which debits or cred- its are posted for transfers against pay- ment, book-entry securities trans- action fees, or principal and interest payments.

Examples of Funds Account in a sentence

  • The Activity Funds account for activities of student groups and other types of activities requiring clearing accounts.


More Definitions of Funds Account

Funds Account has the meaning set forth in Section 3.02(d).
Funds Account has the meaning set forth in Section 3.2(f) hereof.
Funds Account means an Account to record by currency the net amount from time to time owing between CDS and the Participant arising from the Participant's use of the Depository Service and the Settlement Service.
Funds Account means an account held by the Account Holders or any third parties maintained with any Participant.
Funds Account has the meaning set forth in Section 2.3(b)(i);
Funds Account means the account(s) opened in the name of the Customer with OCBC Bank for the record/deposit of any profits and/or losses relating to the FX Trades or Bullion Trades of the Customer;