Trust Fund Account definition

Trust Fund Account means any account containing Cash and Cash Equivalents consisting solely of Tax and Trust Funds.

Trust Fund Account means an account within the trust fund that is either allocated to a particular corporation or shared by multiple corporations for the purpose of paying loan defaults and claims on bond guarantees or other financial products and program uses provided in this chapter.

Trust Fund Account means any deposit account or securities account, to the extent the funds on deposit therein (a) are used or are to be used for payroll and payroll taxes, healthcare and other employee benefit payments to or for the benefit of any employees, (b) are used or are to be used to pay Taxes required to be collected, remitted or withheld (including U.S. federal and state withholding Taxes (including the employer’s share thereof) and sales Taxes) or (c) are held as an escrow, defeasance or redemption account or as a fiduciary or trustee for the benefit of another Person.

Examples of Trust Fund Account in a sentence

• Upon receipt of the bidder’s information sheet, the BAC Secretariat Division will send through email the details of the DECS OSEC Trust Fund Account for payment.

• Principal and interest from loan repayments, and all other income from Trust Fund activities, shall be deposited in the Trust Fund Account.

• Upon receipt of the bidder’s information sheet, the BAC Secretariat Division will send through emailthe details of the DECS OSEC Trust Fund Account for payment.

• All interest earnings from the Trust Fund Account shall be reinvested and dedicated to the Trust Fund Account.

• Upon receipt of the bidder’s information sheet, the BAC Secretariat will send through e-mail the details of the Provincial Government of Dinagat Islands Trust Fund Account for payment before the deadline for the submission of bids.

More Definitions of Trust Fund Account

Trust Fund Account means an account kept by a bank in respect of which a certificate issued by the Commissioner under section 15 is in force;

Trust Fund Account means the accounts established by the Boards between 1900 and 1969 into which they deposited money held on behalf of Aboriginal people.

Trust Fund Account means an account within the trust fund that is allocated to a particular small business financial development corporation for the purpose of paying loan defaults and claims on bond guarantees for a specific small business financial development corporation.

Trust Fund Account means a specifically named liability

Trust Fund Account means an account kept by a bank in respect of which a certificate issued under section 27 is in force;

Trust Fund Account means any Deposit Account or Securities Account containing only Trust Funds.

Trust Fund Account means the account opened by the Bank in its books in the name of the Trust Fund, to which the resources of the Trust Fund are credited.