Bank Savings Account definition

Bank Savings Account means, in respect of a Bank Savings Mortgage Loan, a blocked savings account in the name of a Borrower held with the Bank Savings Participant.
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Bank Savings Account. ] means, in respect of a Bank Savings Mortgage Loan, a blocked savings account in the name of a Borrower held with the [relevant] Bank Savings Participant;
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Examples of Bank Savings Account in a sentence

  • In order to be eligible for the Varo Bank Savings Account, you must have a Varo Bank Account with an available balance equal to or greater than $0.00 and your Varo Bank Account must not be suspended or closed.

  • In order to use the Varo Bank Savings Account, you must agree to accept electronic, rather than paper statements.

  • The Reflow Escrow Account will be [ ] Bank Savings Account and will be funded and administered as provided in this Agreement.

  • Deposit Pledge means a pledge (pandrecht) originally created in favour of the relevant Originator on the rights of the relevant pledgor against Aegon Bank in relation to the Bank Savings Account to secure the relevant Mortgage Receivable.

  • Points may be redeemed for a deposit into a Fifth Third Bank Savings Account.

  • Fifth Third Bank Savings Account must be open prior to initiating redemption.

  • The Bank Savings Account Option will invest in an omnibus savings account insured by the FDIC and the monies in the account will be held in trust for the Program.

  • The Texas ABLE Program is designed to assist those seeking long-term growth, medium-term growth, or income and some growth in a Managed Allocation Option, or a FDIC-insured Bank Savings Account Option.

  • Each Designated Beneficiary should determine whether the amount of FDIC insurance available to the Designated Beneficiary is sufficient to cover the total of the Designated Beneficiary’s investment in the Bank Savings Account Option plus the Designated Beneficiary’s other deposits at the Bank in the same ownership right and capacity.

  • There is no guarantee that the Bank Savings Account Option will maintain this return.

Related to Bank Savings Account

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • 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.

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

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

  • Savings deposit means a form of demand deposit which is subject to restrictions as to the number of withdrawals as also the amounts of withdrawals permitted by the bank during any specified period.