Examples of Open Account in a sentence
In case of LC on usance basis, import on Open Account and Contract / Collection basis, the Director (DPIC) will initiate remittance through the concern bank to the exporter after receiving the satisfactory inspection/installation/commissioning report from the purchaser or the convener tender committee as the case may be.
The term United States Treasury Time Deposit Open Account means a non-in- terest-bearing account maintained in the name of the United States Treas- ury which may not be withdrawn prior to the expiration of 30 days’ written notice from the United States Treas- ury, or such other period of notice as the Treasury may require.
Tiers as follows: • $0-$499.99 • $500-$999.99 • $1,000-$2,499.99 • $2,500-$4,999.99 • $5,000-$9,999.99 • >$10,000 • Up to $30.00 Domestic ATM Fees Reimbursed per month Minimum Deposit to Open Account: $0 Monthly Maintenance Fees: No monthly maintenance fee with a Direct Deposit and eight (8) Point of Sale (POS) transactions during the month; or $10,000 combined balance; otherwise, $8.00.
This contract is specified on page 1 to be one of TT/EFT; Prepayment, Open Account or CAD.
Open Account (O/A) including intercompany netting arrangement among non-bank related parties.