Trust or fiduciary account definition

Trust or fiduciary account means an account for which the bank acts in a trustee or fiduciary capacity as de- fined in section 3(a)(4)(D) of the Act (15U.S.C. 78c(a)(4)(D)).
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Trust or fiduciary account means an account for which the bank acts ina trustee or fiduciary capacity as defined in section 3(a)(4)(D) of the Act (15U.S.C. 78c(a)(4)(D)).
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Trust or fiduciary account means an account for which the bank acts in a trustee or fiduciary capacity as de- 12 CFR Ch. II (1–1–21 Edition)fined in section 3(a)(4)(D) of the Act (15U.S.C. 78c(a)(4)(D)).
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Examples of Trust or fiduciary account in a sentence

  • Any combination of such fees.(6) Trust or fiduciary account means an account for which the bank acts ina trustee or fiduciary capacity as defined in section 3(a)(4)(D) of the Act (15U.S.C. 78c(a)(4)(D)).(7) Year means a calendar year, or fiscal year consistently used by the bank for recordkeeping and reporting purposes.

  • Any combination of such fees.(6) Trust or fiduciary account means an account for which the bank acts in a trustee or fiduciary capacity as defined in section 3(a)(4)(D) of the Act (15 U.S.C. 78c(a)(4)(D)).(7) Year means a calendar year, or fiscal year consistently used by the bank for recordkeeping and reporting purposes.

Related to Trust or fiduciary account

  • Fiduciary Account means an account in which the lawyer deposits fiduciary property.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

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

  • Primary Account or “Settlement Account” shall mean, in case of multiple Accounts linked to the ATM/Debit Card, the Account that has been designated as being the main/first Account of operation i.e. the Account from which purchase transactions, charges and fees related to the ATM/Debit Card are debited.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

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

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.2.