Minimum Balance definition

Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

Minimum Balance has the meaning set forth in Section 3.2(a).

Minimum Balance means the “threshold minimum balance” for the Master Account specified on the Set Up Sheet;

Examples of Minimum Balance in a sentence

• Minimum Balance Charges: No Minimum balance charges shall be applicable on all types of Deposit Accounts.

• Tiers are as follows: o $0–$9,999.99 o $10,000–$24,999.99 o $25,000–$49,999.99 o $50,000–$99,999.99 o >$100,000 Minimum Balance Required to Open the Account: $5,000 Monthly Maintenance Fees: $10 if average daily ledger balance falls below $5,000 UFB Premier Savings Account Features: • Interest-bearing account • Variable Interest Rate Account • Tiered Interest Earning Account.

• Tiers are as follows: o $0–$9,999.99 o $10,000–$24,999.99 o $25,000–$49,999.99 o $50,000–$99,999.99 o >$100,000 Minimum Balance Required to Open the Account: No Minimum Monthly Maintenance Fees: None UFB High Yield Money Market Account Features: • Interest-bearing account • Variable Interest Rate Account • Tiered Interest Earning Account.

• Tiers are as follows: o $0–$9,999.99 o $10,000–$24,999.99 o $25,000–$49,999.99 o $50,000–$99,999.99 o >$100,000 Minimum Balance Required to Open the Account: $5,000 Monthly Maintenance Fees: $10 if average daily ledger balance falls below $5,000 UFB Elite Savings Account Features: • Interest-bearing account • Variable Interest Rate Account • Tiered Interest Earning Account.

• Tiers are as follows: o $0–$9,999.99 o $10,000–$24,999.99 o $25,000–$49,999.99 o $50,000–$99,999.99 o >$100,000 Minimum Balance Required to Open the Account: $5,000 Monthly Maintenance Fees: $10 if average daily ledger balance falls below $5,000.

More Definitions of Minimum Balance

Minimum Balance is defined in Section 4.2.

Minimum Balance means the balance of the relevant Customer's Account that must be maintained at the end of each Banking Day.

Minimum Balance shall have the meaning set forth in Section 8.3(c).

Minimum Balance means the minimum dollar amount that must be held in the Cash Account before the Accountowner can establish an Investment Account. The Minimum Balance is established by the Recordkeeper from time to time, and is posted at xxx.xxxxx.xxx.

Minimum Balance means the balance that Plan Sponsor will deposit and maintain in the deposit account and which will be an amount mutually agreed upon by the Parties in accordance with the selected funding method. This amount as may be modified by BCBSNC from time to time in accordance with this Contract.

Minimum Balance as defined in Section 2.1(g).

Minimum Balance. The minimum balance requirements applicable to each certificate account are disclosed on the Credit Union’s website. See Balance Computation Method above. Time Requirements (Maturity Date): Available terms are disclosed on the Credit Union’s website. Your certificate will mature as noted on your certificate disclosures and periodic statements. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. Early Withdrawal Penalties: Withdrawal of funds from your certificate account before maturity will result in the loss of 180 days* of dividends on the amount withdrawn. If the funds withdrawn bring the balance below the required minimum, the certificate must be redeemed and 180 days* of dividends will be forfeited. If the amount withdrawn has been in the account less than 180 days*, all dividends on the amount withdrawn will be forfeited, and if the term of the certificate is under 180 days*, all dividends will be forfeited. Penalties shall not be applied if the withdrawal is made: (1) subsequent to the death of any owner of the certificate account; or (2) as a result of the voluntary or involuntary liquidation of the Credit Union; or (3) pursuant to a mandatory (automated) withdrawal of an Individual Retirement Account (IRA) required minimum distribution (RMD). There are no penalties for withdrawing dividends paid on the account. Upon renewal only the dividends earned after the renewal date are available for withdrawal without penalty. *182 days for certificate accounts with terms up to 24 months and 365 days for certificate accounts with terms greater than 24 months (effective for new certificates and certificate renewals on and after November 1, 2016).