IBD definition
Examples of IBD in a sentence
If we are holding significant funds on your behalf, we will normally lodge those funds on interest bearing deposit (IBD) with ASB bank.
We will not transfer funds onto IBD unless or until we have received satisfactory identification of all relevant parties and a fully completed self-certification.
In determining what constitutes significant funds such that the funds should be lodged on IBD we will consider the prevailing interest rates, the time costs to you for putting funds on IBD and retrieving funds from IBD and any other matters that we consider relevant.
MUMSS shall pay to MSMS no consideration for the IBD Corporate Split.
At the Closing, MUMSS will be an entity duly organized and validly existing under the laws of Japan and will have all requisite corporate power and authority to own and operate, as applicable, the MUS Contributed Assets, the MUS Contributed Liabilities, the MUS Contributed Business, the IBD Contributed Assets, the IBD Contributed Liabilities and the IBD Contributed Business as currently conducted or as proposed to be conducted from and after the Closing.