Maximum Account Balance definition

Maximum Account Balance means the limit on the total value of all Accounts and Florida Prepaid College Plans for the Beneficiary. Currently, the Maximum Account Balance is $418,000.

Maximum Account Balance means the limit on the total value of Plans and Florida 529 Savings Plan accounts for the Beneficiary.

Maximum Account Balance means the account balance limit for contributions as determined annually by the Treasurer.

Examples of Maximum Account Balance in a sentence

• The "Rollover Account Balance" is a Covered Person's unused cumulative Rollover Amount, subject to the Maximum Account Balance shown in the table below.

• The Treasurer will set a Maximum Account Balance for the Program.

• Participation in the Program does not guarantee that sufficient funds will be available to cover all Qualified Higher Education Expenses for any Beneficiary, even if the Account reached the Maximum Account Balance.

• The Program will inform you of the Maximum Account Balance for each year.

• I understand that I could lose money.• I understand that contributions that cause the total balance of this Account and any other Accounts established in the Plan and in any other Qualified Tuition Program offered by the State of New York on behalf of the Beneficiary to exceed the Maximum Account Balance set forth in the Disclosure Booklet are not permitted.

More Definitions of Maximum Account Balance

Maximum Account Balance means, at any time, the amount specified by the Committee at such time as the maximum principal amount of a Security.

Maximum Account Balance means the limit on the total value of Plans and Florida 529 Savings Plan accounts for the Beneficiary. Currently, the Maximum Account Balance is $418,000.

Maximum Account Balance. The Maximum Account Balance is currently $500,000. The Maximum Account Balance pertains to the aggregate amount held in all accounts for the same designated beneficiary that areestablished under all 529 savings plans, including the Plan, sponsored bythe State of Nevada.

Maximum Account Balance means the limit on the total value of Plans and Florida 529 Savings Plan accounts for the Beneficiary. [Current language or guidance may be inserted as applicable.]

Maximum Account Balance is defined as the total combined balance of all Accounts for a single Beneficiary in all Virginia529 programs (which includes Invest529, Prepaid529, CollegeAmerica and CollegeWealth). Once this amount reaches $500,000 (including earnings), additional Contributions or Rollovers into the Account(s) will not be accepted unless the aggregate value drops below the Maximum Account Balance.

Maximum Account Balance. The maximum aggregate balance of all accounts for the same Beneficiary in Qualified Tuition Programs sponsored by the State of New Mexico, as established by the Board from time to time, which will limit the amount of contributions that may be made to Accounts for any one Beneficiary, as required by Section 529. The current Maximum Account Balance is $500,000. Member of the Family: An individual as defined in Section 529(e)(2) of the Code. Generally, this definition includes a Beneficiary’s immediate family members. A Member of the Family means an individual who is related to the Beneficiary as follows:

Maximum Account Balance means the limit on the total value of all Accounts and Florida Prepaid College Plans for the Beneficiary. [Current language or guidance may be inserted as applicable.]