Examples of Zero Balance Account in a sentence
The risk of loss or damage to such materials from any other cause from the time of delivery to the Seller to the time of redelivery to the Buyer shall be borne by Seller.
Within 30 days after the Effective Date, the Servicer will send to each Affected Consumer, by first class U.S. mail, the Notice, consisting of (i) a copy of the Notice to Affected Consumers of Discontinuance of Billing and Collection, in the form of Exhibit A hereto, and (ii) an account statement reflecting an updated balance of $0 for each of the Affected Consumer’s Affected Loans, in the form of the sample Form of Zero Balance Account Statement attached hereto as Exhibit B.
Zero Balance Account Closure Policy We may restrict your access to your savings or money market account if you have a zero balance in the account.
A Zero Balance Folio is similar to a Zero Balance Account in the bank where in you would be allotted a Folio number.
A Zero Balance Account is a former Designated Account that has had a nil balance of receivables for a considerable period of time and has been identified by the Servicer as a Zero Balance Account under its usual servicing procedures and has been removed from its system of record.