Passbook account definition

Passbook account means an account under which debits and credits are posted by the bank recording them in a passbook originally given by the bank to the customer and presented to the bank for such recording by the customer.
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Passbook account means an ac- count in which the member retains a book or other document in which the credit union records transactions on the account.
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Passbook account means an account which is evidenced by a
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Examples of Passbook account in a sentence

  • Passbook account where the only possible electronic fund transfers are preauthorized credits.

  • In any case you will get the state- ment at least quarterly).(4) Passbook account where the only possible electronic fund transfers are preauthorized cred- its.

  • In any case you will get the statement at least quarterly).(4) Passbook account where the only possible electronic fund transfers are preauthorized credits.

  • On a fair value basis 2 Other includes: Telecommunications; Energy – Electricity; Wholesale; Food & Grocery; Metals & Mining; Hotel, Gaming, Leisure, Restaurants; and Containers, Packaging & Glass.

  • In any case you will get the state- ment at least quarterly).(4) Passbook account here the only possible electronic fund transfers are preauthorized cred- its.

  • If the only type of electronic fund transactions are preauthorized deposits you will not receive a statement for your Passbook account.

  • Passbook, account statements, certificate of deposit, bonds, or financial statements completed by a financial institution or broker including current interest rates and dividends.

  • You will not receive a periodic statement noting these transactions on your Passbook account.

  • Their theory further exposed that, in the market economy, there are different financial instruments like Bank Deposits, Passbook account, bonds and equity shares.

  • The Passbook account can be opened at MSB branches, outlets or selected Post Offices.


More Definitions of Passbook account

Passbook account means an account which is evidenced by a passbook, certificate of deposit or similar document.
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Related to Passbook account

  • Direct Account : means any Account which is not an ISA Account.

  • Investment Account As defined in Section 3.12(a).

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Merchant Account means any account with an Acquirer or other Financial Institution, service provider, payment processor, independent sales organization, or other entity that enables an individual, a business, or other organization to accept payments of any kind.

  • Private Account means the portion of a portfolio of a private client or mutual fund client for which the Adviser serves as investment adviser or subadviser.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Separate Accounts means the accounts which are to be prepared for each

  • Note Account As defined in the Indenture.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement.

  • Fiduciary Account means an account in which the lawyer deposits fiduciary property.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.