Bank Deposit definition

Bank Deposit means all sums of money on deposit to the credit of the BORROWER at any bank, trust company, national banking association, savings bank, savings and loan association or similar institution.

Bank Deposit means a deposit of money made with a bank, and the term “deposit” has the meaning given in section 2(1) of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong).

Bank Deposit means money that has been paid to the Bank to be held as a “deposit product” in the Client’s name for the purposes of section 989A(3) of the Corporations Act.

Examples of Bank Deposit in a sentence

• Once your cash balances in the Deposit Account at a Bank reach the Individual Bank Deposit Limit, Xxxxx, as your agent, will open a MMDA and a linked TA for you at the next available Bank on the Priority List and place your additional cash in that Bank, until the Aggregate Deposit Limit is reached.

• Withdrawals from Bank Deposit Accounts that are requested after Xxxxx’x cutoff time (currently 1:15 p.m. Central time on days when banks are open) may not be processed until the next business day.

• Bank Deposit Accounts Through the Bank Sweep Feature, you have access to a money market deposit account (“MMDA”) – a type of savings deposit – and a linked transaction account (“TA”) at one or more of the Banks.

• However, clients’ existing balances in Bank Deposit Accounts will not be affected.

• Investment Portfolios that invest in ETFs may also hold cash or cash equivalents for liquidity purposes.‌ Information About the Funding Agreements, Bank Deposit Account, the Mutual Funds, and the ETFs in Which the Investment Portfolios Invest.

More Definitions of Bank Deposit

Bank Deposit means the Goldman Sachs Bank Deposit.

Bank Deposit means a deposit to your E-Wallet that is funded by an electronic transfer from your registered bank account.

Bank Deposit means a bank or similar deposit whether instant access, on notice, or for a fixed-term.

Bank Deposit means a deposit notice issued by a Bank to the Partnership from time to time;

Bank Deposit means a deposit with a Deposit Bank.

Bank Deposit means the Goldman Sachs Bank Deposit at GS Bank, which operates as a cash sweep account for certain clients if designated as the sweep option for holding available cash on the GS platform.

Bank Deposit means the Goldman Sachs Bank Deposit at GS Bank, which operates as a cash sweep account for clients for whom it has been designated as the sweep option for holding available cash.