Share draft definition

Share draft means a negotiable draft which is payable through a bank and is used to withdraw shares from a share draft account. (7-1-93)
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Share draft means a negotiable draft which is payable upon demand and is used to withdraw funds from a share draft account.
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Share draft means a negotiable or nonnegotiable draft used to withdraw shares or deposits from a share draft account.
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Examples of Share draft in a sentence

  • The available Account balance will be mailed to you or will be transferred to your Share Draft Checking Account on or before the tenth (10th) of November of each year.

  • On July 1 of each year, all funds on deposit in your Summer Survival Account will be withdrawn and a check will be mailed to you for the amount withdrawn or the amount withdrawn will be deposited to your Share Draft Checking Account.


More Definitions of Share draft

Share draft means a negotiable or non-negotiable draft used to withdraw shares from a share draft account.
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Share draft means a draft used by credit union members to withdraw funds from a credit union for payment to nonmembers.
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Related to Share draft

  • Company Share Plans mean (a) the Company’s Stock Related Award Incentive Plan of 1999, as amended; (b) the Company’s 2010 Stock Incentive Plan, as amended; and (c) the Company’s 2015 Stock Incentive Plan, as amended;

  • Letter of Award means the official notice issued by the UGVCL notifying the contractor that his bid has been accepted.

  • Ordinary Shares Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares.

  • Additional Shares of Common Stock means all shares of Common Stock issued (or, pursuant to Subsection 4.4.3 below, deemed to be issued) by the Corporation after the Series B Original Issue Date, other than (1) the following shares of Common Stock and (2) shares of Common Stock deemed issued pursuant to the following Options and Convertible Securities (clauses (1) and (2), collectively, “Exempted Securities”):

  • Approved Stock Plan means any employee benefit plan which has been approved by the Board of Directors of the Company, pursuant to which the Company's securities may be issued to any employee, officer or director for services provided to the Company.

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • Equity Award Exchange Ratio means the sum of (x) the Exchange Ratio plus (y) the fraction obtained by dividing (i) the Cash Consideration by (ii) the Parent Stock Price.

  • Company Stock Plan means any stock option plan or other stock or equity-related plan of the Company.

  • Equity Award means stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares or any other form of award that is measured with reference to the Stock.

  • Common Shares means the common shares in the capital of the Company;

  • Ordinary Shares means the ordinary shares, par value $0.0001 per share, of the Company.

  • Common Share means one share of the common stock of the Company.

  • Per Share Stock Consideration has the meaning set forth in Section 3.01(a)(i).