valid account definition

valid account means an account which (apart from under this regulation) is exempt from tax under regulation 22(I);

Related to valid account

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

  • Controlled Account means each deposit account and securities account that is subject to an account control agreement in form and substance satisfactory to the Administrative Agent and the L/C Issuer.

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

  • Separate Accounts means the accounts which are to be prepared for each