Recalcitrant account holder definition

Recalcitrant account holder has the meaning set forth in §1.1471-1(b)(110).
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Recalcitrant account holder means any account holder that fails to comply with an FFI’s “reasonable re- quests” for information necessary to determine which ac- counts are United States accounts; fails to provide name, address, Taxpayer Identification Number, and account- number information to an FFI for United States accounts; or fails, upon an FFI’s request, to waive the applicability of a foreign law that would (but for a valid and effective waiver by the account holder) otherwise prohibit disclosure of such information. 26 U.S.C. § 1471(d)(6).
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Recalcitrant account holder means an account holder described in §1.1471-5(g).
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Examples of Recalcitrant account holder in a sentence

  • A U.S. branch treat- ed as a U.S. person shall apply the pre- sumption rules of § 1.1471–3(f) (for for- eign entity account holders) and chap- ter 3 or 61 (for individual payees) to de- termine the status of a payee if it can- not reliably associate a payment made to the payee with valid documentation and does not apply this paragraph (g).(2) Recalcitrant account holder.

  • Recalcitrant account holder (RA) is en- titled to receive a payment of $100 ofU.S. source interest from withholding agent, WA.

  • This simulation type does not require physical prototype systems wherefore it supports early validation and avoids damage of real prototype systems.

  • Contrary to the foregoing, ZENTEK is entitled to sue the CUSTOMER at the CUSTOMER’s place of general jurisdiction.

  • The term QI branch of a U.S. financial institution means a foreign branch of a U.S. financial institution for which a QI agreement is in effect.26 CFR Ch. I (4–1–16 Edition)(110) Recalcitrant account holder.

  • For the reporting requirements of an FFI with respect to passthru payments made to recalcitrant account holders, see§ 1.1474–1(d).(2) Recalcitrant account holder.

  • The term participating FFI means an FFI that is described in § 1.1471–1(b)(91).(11) Recalcitrant account holder.

  • Overwithholding discovered at a later date 8Overwithholding discoveredAdjustment for Overwithholding 8 EEscrow procedure 1, 4, 6 Excise tax on specified federalprocurement payments 6Election To Withhold Under Section 3406 3 Recalcitrant account holder 3RegisteredFFI 2Withholding foreign partnership ordeemed-compliant Section 3.

  • The term QI branch of a U.S. financial institution means a foreign branch of a U.S. financial institution for which a QI agreement is in effect.(110) Recalcitrant account holder.

  • Recalcitrant account holder: Natural or legal client who for various reasons has not provided, or refuses to provide, information regarding their FATCA status and cannot be classified by the FFI pursuant to the requirements of the regulation.

Related to Recalcitrant account holder

  • Joint Account Holder means a person in whose name a Joint Account is maintained;

  • Relevant Account Holder means any account holder with the Relevant Clearing System which has Underlying Notes (as defined in the definition of “Global Bearer Note”) credited to its securities account from time to time;

  • Grant Account means the account opened by the Association on its books in the name of the Borrower to which the amount of the Grant is credited.”

  • Participant Account means that separate account maintained under the Plan to record the amount that a Participant has contributed to the Plan during an Offering Period.

  • Dormant Account means the Customer’s trading account in which there have been no trades for a period of more than 60 Calendar days.

  • 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.

  • Account Holder The term “Account Holder” means the person listed or identified as the holder of a Financial Account. A person, other than a Financial Institution, holding a Financial Account for the benefit of another person as an agent, a custodian, a nominee, a signatory, an investment advisor, an intermediary, or as a legal guardian, is not treated as the Account Holder. In these circumstances that other person is the Account Holder. For example in the case of a parent/child relationship where the parent is acting as a legal guardian, the child is regarded as the Account Holder. With respect to a jointly held account, each joint holder is treated as an Account Holder.

  • 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.

  • Appropriate List Matching Data means (A) account registration and alternate payee data, to the extent made appropriate by statutes, rules or regulations governing the U.S. Government Lists, (ii) data determined by BNYM in light of statutes, rules or regulations governing the U.S. Government Lists to be necessary to provide the services described in this Section 3(b)(5), and (iii) data the parties agree in writing to be necessary to provide the services described in this Section 3(b)(5).

  • Eligible Account Holder means any Person holding a Qualifying Deposit on the Eligibility Record Date for purposes of determining Subscription Rights and establishing subaccount balances in the liquidation account to be established pursuant to Section 15 hereof.

  • Inactive Trading Account means a Client's trading account which has not had an open position, pending order, or non-trading operation in 3 months period.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Income Account Record Date means the "Record Dates" set forth in the "Essential Information" in the Prospectus.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Income Account Distribution Date means the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Contract Award Date means the date of the Contract award notice, which may take the form of a purchase order, signed Contract or Notice of Award, issued by the Authority.

  • Principal Cardholder means a Cardholder who has been issued with a Principal Card;

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

  • 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.

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Joint Account means an Account opened in more than one name;

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.