CD Account definition

CD Account. A CD Account allows you to make deposits by check, ACH transfer or wire transfer from an account in a financial institution that is chartered by the United States of America or a state thereof. With a CD Account, while a physical certificate is not issued, you will receive a funding letter with all the pertinent information about the certificate of deposit. If you withdraw funds before the end of the term, your CD Account is subject to a penalty as described in the Truth in Savings Disclosure.
CD Account means that certain deposit account established by Borrower and maintained at Bank of America, N.A. in which Borrower has granted a security interest to Administrative Agent on behalf of the Lenders as described in, and pursuant to, the Deposit Account Security Agreement.”
CD Account. With respect to each CD Pledge Loan, the certificate of ---------- deposit account established by the related Mortgagor at Chevy Chase Bank, F.S.B.

Examples of CD Account in a sentence

  • Your Flex Rate CD Account will mature on the date set forth on the face of the CD.

  • We may also close your CD Account at maturity without advance notice.

  • CD Account customers will receive electronic notification of maturity and renewal notices.

  • In addition, your CD Account will be closed automatically if you have not funded your CD Account within sixty (60) days of the date on which your CD Account is opened.

  • We may, at our sole discretion, change the interest rate on your Account(s) at any time and without notice or limit after your account is open, except that the interest rate on a CD Account will not be changed after funding and prior to maturity.

  • At closure of your CD Account, you will be paid interest to the date of closure and then any applicable early withdrawal penalty will be assessed.

  • Any other closure of your CD Account may be subject to an early withdrawal penalty (see Truth in Savings Disclosure).

  • If you withdraw funds before the end of the term, your CD Account is subject to a penalty as described in the Truth in Savings Disclosure.

  • With a CD Account, while a physical certificate is not issued, you will receive a funding letter with all the pertinent information about the certificate of deposit.

  • This CD Account will include any and all future extensions, renewals, or replacements for the CD Account.


More Definitions of CD Account

CD Account shall have the definition provided such term in the definition of "Back-to-Back Loans."

Related to CD Account

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

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

  • 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.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Note Account As defined in the Indenture.

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

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • 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.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

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

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

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

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

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.