Term Account definition

Term Account means, for any Term Institution, the securities account in the name of the Issuer maintained by such Term Institution during the Term Period, if any, and under the sole control and dominion of such Term Institution, to secure the Issuer’s obligation to repay the Term Deposit made by such Term Institution.
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Term Account means the account(s) in US Dollars and/or AED opened by the Bank in the Customer’s name following receipt by the Bank of a notice of withdrawal in accordance with Clause 4 of this Agreement.
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Term Account means any account of a Shareholder, or, if the shares are held in an account in the name of Waterhouse Securities, Inc. or other broker-dealer for benefit of an identified customer, such account, and includes any Plan Account;
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Examples of Term Account in a sentence

  • The term of your deposit, the amount of the deposit and the rate of interest applicable during that term will be agreed by us on the date that your Fixed Term Account is opened and on subsequent renewals (if any).

  • You may not withdraw funds during the term of the Fixed Term Account, without penalty.

  • If, at a later date, you decide to deposit further funds in a Fixed Term Account during its fixed term period, the Bank has discretion as to the rate of interest to be offered and applied to those further funds.

  • Such interest (if any) will be paid into the Fixed Term Account (unless you instruct us otherwise).

  • If you wish to close a Fixed Term Account before the Maturity Date, we will consider such request as soon as reasonably practicable.

  • Interest on Fixed Term Accounts shall be paid on the Maturity Date or on the closing of such Fixed Term Account or earlier or later as we may agree.

  • The balance on such a Fixed Term Account including accrued interest up to the Maturity Date (unless you have otherwise specified) will be re-deposited on the same basis as before in the same currency and at our prevailing Fixed Term rate for that period for that currency at such time (or as has been agreed in a previous course of dealing between us).

  • For all other currencies, you must tell us by 11a.m. two Business Days before the Maturity Date if you do not want your Fixed Term Account to be renewed automatically.

  • We will not alter the interest rate agreed with you in relation to sums held on your Fixed Term Account during the term of such Fixed Term Account.

  • Unless you tell us otherwise by 11a.m. on the Maturity Date for Euro, Sterling or US Dollars, your Fixed Term Account will be renewed automatically for an equivalent term.


More Definitions of Term Account

Term Account means, for any Term Institution, the securities account in the name of the Issuer maintained by such Term Institution during the Term Period, if any, and under the sole control and dominion of such Term Institution, to secure the Issuer's obligation to repay the Term Deposit made by such Term Institution.
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Related to Term Account

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Regular account means the account established for each active and inactive member un-

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • 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.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Investment Account As defined in Section 3.12(a).

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.