Business checking account definition

Business checking account means any account utilized by an intermediary for insurance−related transactions.
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Business checking account means any account utilized by a navigator, navigator entity, nonnavigator assister or nonnavi- gator assister entity in their capacity as a navigator, nonnavigator assister or related entity and in transacting of the business of insur- ance.
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Business checking account means any account utilized by an intermediary for insurance- related transactions.
Sample 1Sample 2Sample 3

Examples of Business checking account in a sentence

  • Unless you have a separate overdraft line of credit with us, you may not under any circumstances overdraw the Account or any other Business checking account you may have with us.

  • When the signer performs any additional linking, beyond the primary Business checking account, the employee will automatically gain the additional ability to transfer funds between any and all accounts their card is linked to, as well as deposit to and, subject to the limits you set, withdraw funds from these additional accounts The Business Employee Deposit Card may be issued only to an employee of the business, but not a signer already on the account.

  • You may not under any circumstances overdraw the Account or any other Business checking account you may have with us.

  • Your control account or funding account, to be debited for disbursing these payments must be a Southern First Bank Business checking account.

  • We will transfer funds to your Business checking account in the order you have directed.

  • POS transactions will be deducted from your Business checking account.

  • Funds to cover your card purchases will be deducted from your Business checking account.

  • Funds to cover you Card purchases will be deducted from your Business checking account.

  • If we have approved an overdraft protection plan for you, we will honor drafts drawn on insufficient funds in your Business checking account by initiating a transfer of the necessary funds from another account of yours to your Business checking account.

  • You must be a Navy Federal member, have an open Business checking account, and be at least 18 years of age or an emancipated minor to obtain a BDC.


More Definitions of Business checking account

Business checking account means any account utilized by a navigator, navigator entity, nonnavigator assister or nonnavigator assister entity for insurance-related transactions.
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Related to Business checking account

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Collection Accounts As defined in Section 3.10(a).

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Holding Account means an account:

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.