Bank or financial institution definition

Bank or financial institution means an establishment whose primary function is related to the custody, loan, exchange, issuance of money, extension of credit, or transmission of funds, and includes banks, credit unions, or savings and loans.
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Bank or financial institution means a bank or financial institution licensed under the Banking and Financial Institutions Act 1989 [Act 372] or the Islamic Banking Act 1983 [Act 276], or regulated by the Central Bank under any written law;
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Bank or financial institution means a bank or financial institution licensed under the Financial Services Act 2013 [Act 758] or Islamic Financial Services Act 2013 [Act 759] or regulated by the Central Bank under any written law;
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Examples of Bank or financial institution in a sentence

  • The Selected Bidder shall be entitled to mortgage the Land as per applicable laws of Chhattisgarh Vishesh Kshetra (Achal Sampatti ka Vyayan) Niyam, 2008 with any scheduled Bank or financial institution with prior written approval of NRANVP and subject to the conditions that the first charge shall always be with NRANVP.

  • The Lessee/Allottee shall be entitled to mortgage the Land after signing the Lease Agreement and as per applicable laws of Chhattisgarh Vishesh Kshetra (Achal Sampatti ka Vyayan Niyam), 2008 with any scheduled Bank or financial institution with prior approval of Authority and subject to the conditions that the first charge shall always be with Authority.

  • Neither any advance nor any loan from any Bank or financial institution shall be recommended on the basis of Work Order or Award of work.

  • The Lessee shall be entitled to mortgage the Land as per applicable laws of Chhattisgarh Vishesh Kshetra (Achal Sampatti ka Vyayan Niyam), 2008 with any scheduled Bank or financial institution with prior approval of Authority and subject to the conditions that the first charge shall always be with Authority.

  • The Developer shall be entitled to mortgage the Land as per applicable laws of Chhattisgarh Vishesh Kshetra (Achal Sampatti ka Vyayan) Niyam, 2008 with any scheduled Bank or financial institution with prior approval of ANVP and subject to the conditions that the first charge shall always be with ANVP.

  • The Developer shall be entitled to mortgage the Land after signing the Lease Agreement and as per applicable laws of Chhattisgarh Vishesh Kshetra (Achal Sampatti ka Vyayan Niyam), 2008 with any scheduled Bank or financial institution with prior approval of Authority and subject to the conditions that the first charge shall always be with Authority, but in case of License Agreement there is no provision for mortgaging the Land.

  • The Developer shall be entitled to mortgage the Land as per applicable laws of Chhattisgarh Vishesh Kshetra (Achal Sampatti ka Vyayan) Niyam, 2008 with any scheduled Bank or financial institution with prior approval of NRDA and subject to the conditions that the first charge shall always be with NRDA.

  • However, the Developer shall be entitled to mortgage the Development Rights under this agreement, as per applicable laws with any scheduled Bank or financial institution with the conditions first charge shall always be with NRDA.

  • Issuer: means a Bank or financial institution (or like entity) that is admitted and/or authorized by MasterCard to operate a MasterCard credit card program in the Territory and is participating in the Travel Insurance offering to Cardholders.

  • The Standby Redraw Facility Provider may at any time assign or otherwise transfer all or any part of the benefit of this Agreement or any of its rights, duties and obligations under this Agreement to another Bank or financial institution.


More Definitions of Bank or financial institution

Bank or financial institution means a bank or financial institution which has obtained a license pursuant to this Act for carrying on banking or financial transaction.
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Bank or financial institution means establishments engaged in deposit banking. Typical uses include commercial banks, savings institutions, and credit unions.
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Bank or financial institution means a "depository institution" as defined in G.S. 53- 208.42.
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Bank or financial institution means an establishment, open to the public, for the deposit, custody, loan, exchange or issue of money, the extension of credit, and/or facilitating the transmission of funds excluding pawnshops, check cashing businesses, payday advance/loan businesses and car title loan businesses.”…. ADD
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Bank or financial institution means an institution where money is deposited, kept, lent, or exchanged.
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Bank or financial institution means a person resident in Malaysia who is:-
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Related to Bank or financial institution

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Approved Financial Institution means any bank approved by Exchange in accordance with its credit review procedures or policies;

  • Designated Financial Institution shall have the meaning specified in Section 14.12(a).

  • Qualified Financial Institution means, at any time, a financial institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a stated maturity of one year or less from the date of issue and rated A-1 or higher by Standard & Poor’s, a division of The McGraw Hill Companies, Inc., Ratings Group (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other comparable rating, if any, then used by such rating agency.

  • Financial institution means a Bank, Development Finance Institution, Non Banking Finance Company, Modaraba or an institution registered under relevant laws to provide financial services within or outside Pakistan.

  • regulated financial institution means a state or nationally chartered bank, savings and loan association or savings bank, credit union, trust company, or other state or federally chartered lending institution or a regulated affiliate or regulated subsidiary of any of these entities.

  • Participating Financial Institution means a financial institution participating in Interac e-Transfer Services, Online Payment Services, or Western Union Services, as the case may be.

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a [FATCA Partner] Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution identified as a Nonparticipating Financial Institution pursuant to paragraph 2 of Article 5.

  • Financial Institutions has the meaning set forth in the preamble in this Agreement.

  • Reporting Financial Institution means a Reporting Finnish Financial Institution or a Reporting U.S. Financial Institution, as the context requires.

  • Licensed financial institution means a financial institution issued a license under this act.

  • credit institutions means credit institutions as defined under Directive 2006/48/EC;

  • Non-Reporting Financial Institution means any Financial Institution that is:

  • Custodial Institution means any Entity that holds, as a substantial portion of its business, financial assets for the account of others. An entity holds financial assets for the account of others as a substantial portion of its business if the entity’s gross income attributable to the holding of financial assets and related financial services equals or exceeds 20 percent of the entity’s gross income during the shorter of: (i) the three-year period that ends on December 31 (or the final day of a non-calendar year accounting period) prior to the year in which the determination is being made; or (ii) the period during which the entity has been in existence.

  • credit institution means a credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;

  • Qualified United States financial institution means an institution that:

  • Educational institution means a University or any educational institution recognized by the State Government, a University or other competent authority;

  • banking institution means a bank, bank and trust company, trust company, savings bank, private bank, or a national banking association, organized and doing business under the provisions of any law of this state, or of any other state of the United States, or under the provisions of any law of the United States of America.