Abandoned Account definition

Abandoned Account means any inactive account through which no Transactions have been processed for a minimum of six (6) months AND for which all contact information (address, phone numbers, fax numbers, email address) and billing information (ABA routing number and bank account number and/or card number) is no longer valid.
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Abandoned Account means any Account to which there has not been any debit or credit to the Account because of an act of the Owner for a period of time as defined by the unclaimed property laws of the state in which the Account is located, and the location or existence of the Owner is unknown to us, but the Account has not been escheated to the state. We may also refer to an Abandoned Account as a “Dormant” Account.
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Abandoned Account means a securities Account held by CNS in which CNS has lost contact with the Beneficial Owner and despite attempts by CNS to contact the Beneficial Owner(s) no person claims an interest in the Abandoned Account; and the period of greater than 5 years has elapsed since the last communication has been received from the Beneficial Owner.
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Examples of Abandoned Account in a sentence

  • If Customer’s account becomes an Abandoned Account with a balance due to Customer, Customer shall be assessed a monthly Abandoned Account Fee in the amount set forth in the Fee Schedule.

  • In addition, all costs incurred by CyberSource in managing Customer’s Abandoned Account, including costs associated with attempting to locate Customer to deliver Customer’s account balance or incurred with respect to escheating Customer’s funds to the appropriate governmental agency will be deducted from Customer’s account, as applicable.

  • After that time, we will charge your Account an Abandoned Account Fee where permitted by applicable law and escheat the remaining funds to government authorities.

  • In addition, all costs incurred by ▇▇▇▇▇▇▇▇▇.▇▇▇ in managing Customer’s Abandoned Account, including costs associated with attempting to locate Customer to deliver Customer’s account balance or incurred with respect to escheating Customer’s funds to the appropriate governmental agency will be deducted from Customer’s account, as applicable.

  • If your Account remains inactive, on September 15th, we will charge the Abandoned Account Fee shown on the Fee Schedule and your Account will be subject to escheat on the first Business Day in October.

  • If your Account remains inactive and is presumed abandoned, on September 15th, we will charge the Abandoned Account Fee shown on the Fee Schedule and your Account will be subject to escheat and your funds will be transferred to the Commonwealth Treasurer on the first Business Day in October.

  • If Vendor’s Service Fees remain unpaid for a period greater than 30 days, then Shipmate Fulfillment reserves the right, at its sole discretion, to reclassify Vendor’s Account as an “Abandoned Account.” Additionally, any Account that remains unpaid for greater than 60 days will automatically be deemed an Abandoned Account.

  • If MERCHANT’s Usage Fees or 3rd Party Fees remain unpaid for a period greater than 30 days, then "PREP&SHIP" reserves the right, at its sole discretion to reclassify MERCHANT’s Account as an “Abandoned Account.” Additionally, any Account that remains unpaid for greater than 60 days will automatically be deemed an Abandoned Account.

  • If no address is available or no balance is available to pay for shipment back to the Customer, ShipRelay will liquidate the Product inventory in accordance with an Abandoned Account and apply the proceeds thereof to the cost of liquidation and any balance owed to ShipRelay by Customer.

  • MERCHANT has no rights to any liquidation proceeds arising from an Abandoned Account and would remain liable for any pending Usage Fees and 3rd Party Fees above and beyond the liquidation proceeds.


More Definitions of Abandoned Account

Abandoned Account means any inactive account through which no Transactions have been processed for a minimum of six (6) months AND for which all contact information (address, phone numbers, fax numbers, email address) and billing information (ABA routing number and bank account number and/or card number) is no longer valid. “Account” means a top-level gateway identifier that is issued by TUNL to Customer to enable Customer’s use of Transaction Services hereunder. For each business unit within Customer’s organization that requires invoices to be sent to an address different than the primary Account, a new Account is required. “Additional Service(s)” means any other service or product that may be offered by TUNL in the future.
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Related to Abandoned Account

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any ▇▇▇▇▇ Cash Accounts.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

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