Funds on deposit definition

Funds on deposit means any funds of a debtor that a claimant agency may have in its possession,
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Funds on deposit means all funds accrued or accruing by virtue of the death of the insured
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Funds on deposit means all funds accrued or accruing by virtue of the death of the insured or the original maturity of a policy contract where the party or parties entitled to receive such funds might withdraw same at their option upon stipulated notice.
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Examples of Funds on deposit in a sentence

  • Funds on deposit, if any, in such account, if not otherwise held uninvested, may only be invested in accordance with the Sale and Servicing Agreement and the Indenture.

  • Funds on deposit in the Certificate Distribution Account shall be held uninvested.

Related to Funds on deposit

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.