PBB Group definition
PBB Group means collectively the companies within Public Bank Berhad Group of Companies including without limitation Public Islamic Bank Berhad, Public Investment Bank Berhad and Public Mutual Berhad.
PBB Group means the Bank’s branches, agencies, representatives, officers, affiliated, associated or related corporation including but not limited to its holding/subsidiary and their respective officers, servants or agents.
PBB Group means the Bank’s holding company, branches, agencies, representatives, officers, affiliated, associated or related corporation including its subsidiaries and their respective officers, servants and agents. “PBe Service” means any services which the Bank may provide to the Customer through PBe. “PIDM” means Perbadanan Insurans Deposit Malaysia. “Profit Credited” means daily profit accrual which is calculated on the daily EOD Balance based on EPR from the Trading Day until Profit Crediting Date. “Profit Crediting Date” means the last day of every month when the profit is credited into the Savings Account-i as part of the settlement of Selling Price. “Purchase Price” means the amount equivalent to the amount deposited by the Customer which will be used to purchase Commodity on Trading Day. “RUM” means Registrar of Unclaimed Moneys. “Savings Account-i” means any commodity Murabahah Savings Account-i that the Customer now or in the future opens and maintains with the Bank, whether singly or jointly. “Selling Price” means the sum payable by the Bank (as the purchaser) to acquire the Commodity from the Customer (as the seller) onMurabahah basis which consists of the Purchase Price of the Commodity (deposit amount) and the accrued profit. “Tawarruq” means two (2) sale and purchase contracts where the first involves the sale of Commodity by a seller to a purchaser on a deferred basis and the subsequent sale of the same Commodity by the purchaser to a third party on a cash and spot basis. “Terms and Conditions” means these terms and conditions governing the Savings Account-i including any additions, variations, amendments and/or revisions as the Bank may prescribe from time to time. “Tenure” means remaining number of days from the Current Date up to Maturity Date. “Trading Day” means the days where Commodity Trading is executed. “Wa’d (Promise)” means the Bank who acts as the purchaser of the Commodity shall provide an expression of commitment in the form of an unilateral promise to purchase the Commodity from the Customer upon completion of the Purchase Transaction. “Wakalah (Agency)” means a contractual relationship in which the Customer mandates the Bank with or without imposition of any fee as the Customer's agent to perform a particular task in matters that may be delegated. 2. Words importing the singular shall include the plural and vice versa. 3. Words importing the masculine gender shall include the feminine and neuter gender and vice versa. 4. A reference ...
Examples of PBB Group in a sentence
The Bank may set off or transfer any sum(s) standing to the credit of any one or more of such account(s), of the Cardmember or security held by the Bank or all subsidiaries and related companies of the Bank and the PBB Group towards satisfaction of any of the liabilities of the Cardmember due and payable to the Bank under this Agreement and all subsidiaries and related companies of the Bank and the PBB Group.
The Bank and the PBB Group can act in any way the Bank deems fit if the Bank is served with a court order issued by a court of any jurisdiction.
More Definitions of PBB Group
PBB Group means the Bank’s branches, agencies, representative, officers, affiliated, associated or related corporations including but not limited to its holding /subsidiary and their respective officers, servants or agents.