Account With definition
Examples of Account With in a sentence
For further credit to: [Servicer Reference Number] Correspondent Whole Loan Account With respect to any remittance received by the Owner after the second Business Day following the Business Day on which such payment was due, the Servicer shall pay to the Owner interest on any such late payment at an annual rate equal to the Prime Rate, adjusted as of the date of each change, plus four percentage points, but in no event greater than the maximum amount permitted by applicable law.
Multiple-Party Account With Right of Survivorship and Pay-on-Death Designation - At death of last surviving party, ownership passes to the designated pay-on-death beneficiaries and is not part of the last surviving party’s estate.
Single-Party Account With Pay-on-Death Designation - At death of the party, ownership passes to the designated pay-on-death beneficiaries and is not part of the party’s estate.
Board of Managers The Board of Managers established pursuant to Section 2.6. Capital Account With respect to each Member, the capital account established and maintained on behalf of each Member pursuant to Section 5.3. Certificate The Certificate of Formation of the Fund and any amendments thereto as filed with the office of the Secretary of State of the State of Delaware.
Single-Party Account With "P.O.D." (Payable On Death) Designation The party to the Account owns the Account.
Multiple-Party Account With Right of Survivorship - At death of party, ownership passes to surviving parties.
If the parties to the account have community property funds and desire to have right of survivorship in those funds, they will not only need to choose the Multiple-Party Account With Right of Survivorship designation on the Texas Uniform Single or Multiple-Party Account Selection Form according to Section Multiple-Party Account with Right of Survivorship and P.O.D. (Payable on Death) Designation.
When you set up a Joint Account, you can designate it as either a Joint Account With Right of Survivorship or a Joint Account without right of survivorship.
Your Joint Account will automatically be set up as a Joint Account With Right of Survivorship, unless you designate otherwise at the time of account setup.
A Joint Account With Right of Survivorship (And Not As Tenants In Common) is an account in the name of two persons.