Adjusted Account Value Clause Samples
The Adjusted Account Value clause defines how the value of an account is recalculated to reflect certain adjustments, such as fees, charges, or market fluctuations. In practice, this clause specifies the method and timing for making these adjustments, which may include deductions for administrative costs or credits for investment performance. Its core function is to ensure that the account value accurately represents the current, real-world worth of the account after all relevant factors have been considered, thereby providing transparency and fairness to both parties.
Adjusted Account Value. The Account Value plus or minus the aggregate Market Value Adjustment (MVA), if applicable, for the amount(s) allocated to the Guaranteed Account (see Section III - Market Value Adjustment).
Adjusted Account Value. The Adjusted Account Value defines the GRO Account Value increased or decreased by the Market Value Adjustment.
