Accumulation Balance definition

Accumulation Balance means on a Payment Date during the Revolving Period the Accumulation Balance brought forward at the beginning of the Monthly Period plus the Accumulation Amount for the relevant Payment Date.
Sample 1Sample 2Sample 3
Accumulation Balance means on a Payment Date during the Revolving Period the Accumulation Balance brought forward at the beginning of the relevant Monthly Period plus the Accumulation Amount for the relevant Payment Date.
Sample 1Sample 2Sample 3

Examples of Accumulation Balance in a sentence

  • Personal Pension Account Payouts will commence under the available Annuity Payout Option if Your Accumulation Balance is less than the amount provided in the Minimum Amount Rule.

  • INTEREST CREDITED TO YOUR PERSONAL PENSION ACCOUNT We will credit interest to Your Accumulation Balance at applicable Credited Interest Rates until the earlier of a Full Surrender of the Contract, the Annuity Commencement Date or the Valuation Date that We pay the Death Benefit.

  • After any Personal Pension Account Payout Start Date, the Benefit Balance is equal to the sum of the Accumulation Balance plus Annuity Payout Value(s).

  • YOUR PERSONAL PENSION ACCOUNT BENEFIT BALANCE Prior to the initial Personal Pension Account Payout Start Date, the Benefit Balance is equal to the Accumulation Balance.

  • A Member is entitled to the Accumulation Balance on Total and Permanent Disablement.

  • The remaining minimum Accumulation Balance at all times is subject to the applicable Minimum Amount Rule of this rider.

  • The Trustee may pay the Accumulation Balance in such instalments and on such other conditions as it determines.

  • Upon the occurrence of an Early Amortisation Event or the end of the Revolving Period, the Accumulation Account shall be closed on the subsequent Payment Date and any Accumulation Balance on deposit in the Accumulation Account shall be transferred on the subsequent Payment Date to the Operating Account.

  • CONTRIBUTION(S) -- Sums allocated to the Personal Pension Account by Deposit, Transfer, or any other method approved by Us. CREDITED INTEREST RATES -- The interest rates that We agree to pay on Your Accumulation Balance during different times over the duration of Your Contract.

  • TRANSFER -- A transfer of (i) Contract Value from an Account to the Accumulation Balance, or (ii) the Accumulation Balance to an Account.

Related to Accumulation Balance

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Accumulation Reserve Funding Period shall not apply if the Calculation Agent on behalf of the Issuer notifies the Indenture Trustee that it expects the Accumulation Period Length to be adjusted to one (1) month, and otherwise shall mean a period commencing on the first Distribution Date on which a condition in the right column of the following table was in effect on the immediately preceding Distribution Date, if the Distribution Date is a Distribution Date described in the corresponding left column of the following table, and ending on the Distribution Date immediately preceding the earlier to occur of: