Subordinate Account definition

Subordinate Account means an Account that is Subordinate to a Master Account. See Appendix I for a schematic diagram of Account and Service relationships within the Software.
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Examples of Subordinate Account in a sentence

  • If there are insufficient Available Funds in the Master Account to restore the Subordinate Account’s full Target Balance, Bank will transfer all Available Funds in the Master Account to the Subordinate Account.

  • Once the end of day balance drops below this amount, funds will be debited from the Master Account and credited to the Subordinate Account sufficient to restore the Subordinate Account to its Target Balance.

  • MAXIMUM TARGET BALANCE - The maximum end of day balance for a particular Subordinate Account as designated by Entity on the Sweep Form.

  • Bank will transfer Available Funds into or out of each Subordinate Account so that the balance at the end of each Banking Day will between the Minimum Target Balance and the Maximum Target Balance selected on the Sweep Form.

  • Once the end of day balance exceeds this amount, funds in excess of the Target Balance will be debited from the Subordinate Account and credited to the Master Account MINIMUM TARGET BALANCE - The minimum end of day balance for a particular Subordinate Account as designated by Entity on the Sweep Form.