Account balance limit definition

Account balance limit means the maximum allowable aggregate balance of accounts established for the same beneficiary. Account earnings, if any, are included in the account balance limit.

Account balance limit means the maximum allowable aggregate balance of an account established for a designated beneficiary. Account earnings, if any, are included in the account balance limit.

Account balance limit means the amount determined periodically by the program administrator as necessary to provide for the qualified higher education expenses of a beneficiary in accordance with Section 529. The account balance limit shall apply to the total of all accounts in the plans for the benefit of a beneficiary.

Examples of Account balance limit in a sentence

• BCLC may, from time to time, change the amount of the Account Balance Limit.

• If you exceed the Account Balance Limit for longer than 72 hours, BCLC will initiate an Account withdrawal on your behalf.

• You will not be permitted to maintain more than the Account Balance Limit in your Account for longer than 72 hours.

More Definitions of Account balance limit

Account balance limit means the amount set as such by the plan as set forth in the plan addendum. When the fair market value of an account reaches the account balance limit, no additional contributions will be accepted by the plan. Assets in an account can continue to accrue earnings beyond the account balance limit.

Account balance limit means the maximum value of funds that you can maintain in your Account as determined by BCLC and subject to change without notice.

Account balance limit means the maximum allowable aggregate balance of accounts established for the same beneficiary.

Account balance limit means the maximum allowable aggregate balance of accounts established for the same beneficiary. Account earnings, if any, are included in the account bal- ance limit.

Account balance limit means the maximum value of funds that you can maintain in your Account as determined by SIGA; the maximum value subject to change without notice;