Received and deposited definition

Received and deposited means that good funds are in the
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Received and deposited means that good funds are in the possession of an employee or representative of the settlement agency and a record of receipt has been entered on the books of the settlement agency, but only if the funds are actually delivered for deposit to an escrow account at the financial institution in a timely manner, which shall not exceed three (3) business days as defined in Federal Reserve Board Regulations at CC, 12 CFE, Part 229, after the funds are received. If a settlement agent agrees to postponement of deposit for a period of time longer than three (3) business days after the date the funds are received, then the funds shall be deposited not later than the date set out in the written
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Received and deposited means the funds are actually delivered to the financial institution where the uncertified funds were deposited so that said funds are available for use by the title insurance company, agent, direct operation or escrow officer. The turn around time from deposit of customer’s uncertified funds to availability of funds “shall not exceed three business days” as defined in Federal Reserve Board Regulation CC, 12 C.F.R., Part 229.
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Examples of Received and deposited in a sentence

  • Received and deposited Personal Property Tax, including PPTax-Utilities.

  • For questions asking a specific viewpoint on remuneration options in the questionnaire, Business NZ believes that these decisions should be left solely for shareholders/owners of the entity to decide upon, rather than any type of informal or formal principle that the Government would want to initiate.

  • Mr. Palmer moved that the June 10-11, 1999, minutes be approved as submitted.

  • Well checks from Schell and Freeman - Received and deposited in July per Kim.


More Definitions of Received and deposited

Received and deposited means that good funds are in the possession of an employee or representative of the trustee and a record of receipt has been entered on the books of the trustee, but only if the funds are actually delivered for deposit to the financial institution in a timely manner, which shall not exceed three (3) business days as defined in Federal Reserve Board Regulations CC, 12 CFE Part 229 after the funds are received. If a trustee agrees to postponement of deposit for a period of time longer than three (3) days after the date the funds are received,
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Received and deposited means that good funds are in the possession of an employee or representative of the settlement agency and a record of receipt has been entered on the books of the settlement agency, but only if the funds are actually delivered for deposit to an escrow account at the financial institution in a
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Related to Received and deposited

  • the Principal Act means the Light Railways Act 1896;

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

  • Fund Deposit means the deposit of funds transferred by the Client or the Client's Authorized person and credited to the Company Account for transfer to the Client's Account.

  • Principal Accumulation Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Accumulation Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Capitalized Interest Account Initial Deposit means $1,022,277.35 deposited on the Closing Date.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

  • Foreign Shell Bank means a Foreign Bank without a Physical Presence in any country, but does not include a Regulated Affiliate.

  • Wire Transfer means a payment in immediately available funds by wire transfer in lawful money of the United States of America to such account or accounts as shall have been designated by notice to the paying party.

  • Deposit means a deposit as defined in 12 U.S.C. Section 1813(l), including without limitation, outstanding cashier's checks and other official checks and all uncollected items included in the depositors' balances and credited on the books and records of the Failed Bank; provided, that the term "Deposit" shall not include all or any portion of those deposit balances which, in the discretion of the Receiver or the Corporation, (i) may be required to satisfy it for any liquidated or contingent liability of any depositor arising from an unauthorized or unlawful transaction, or (ii) may be needed to provide payment of any liability of any depositor to the Failed Bank or the Receiver, including the liability of any depositor as a director or officer of the Failed Bank, whether or not the amount of the liability is or can be determined as of Bank Closing.

  • Authorized account means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Holding Account means an account:

  • Authorized Amount means $ , the maximum principal amount of the Funding Loan under this Funding Loan Agreement.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Demand deposit means a deposit received by the bank, which is withdrawable on demand;

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Halifax Abuse Principle means the principle explained in the CJEU Case C-255/02 Halifax and others;

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Disbursements of Loan Proceeds Subsequent to Loan Closing/Origination Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Custody Account means each Securities custody account on Bank's records to which Financial Assets are or may be credited pursuant hereto.

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • General Account consists of all our assets other than those held in any separate investment accounts.