Common use of Compounding and Crediting Clause in Contracts

Compounding and Crediting. Dividends will be compounded daily for Share Certificate Accounts. Dividends will be credited to your account every month. You may choose to have dividends paid to you or to another account every month. Dividends must be paid to you or to another account if credited monthly. The period begins on the first calendar day of the term and ends on the last calendar day of the term.