Examples of Primary Obligations in a sentence
The issuance of due bills may give rise to a reservable deposit (see section 1, subsection G.2.i, Primary Obligations).
Amounts of outstanding bankers acceptances that are created by the reporting institution and that are of the type that are ineligible for discount at Federal Reserve Banks (See Section 1, Subsection G.3, Primary Obligations).
Each Guarantor waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon the Borrower, any other Loan Party with Primary Obligations or any of the Guarantors with respect to the Primary Obligations.
This would eliminate having to choose between two things that happen more or less simultaneously.
Legitimate Differences: Primary Obligations: FR 2900 balance may be greater than Call Report balance because primary obligations with original maturities of seven days or more must be included in the FR 2900 item, while the Call Report item does not include primary obligations.