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.

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Bank Deposit means the provision by a customer of money, credit instruments such as cheques, and other values to the Banks that will perform its reception, presupposing the existence of a deposit agreement and the respective deposit account, in any of several forms, as defined in Article 4 of this Instruction;

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).

Examples of Bank Deposit in a sentence

• The Custodian shall include in its records with respect to the assets of each Portfolio appropriate notation as to the amount and currency of each such Interest Bearing Bank Deposit, the accepting Banking Institution and all other appropriate details, and shall retain such forms of advice or receipt evidencing such account, if any, as may be forwarded to the Custodian by the Banking Institution.

• The Clearing Firm will, however, give priority to one additional Affiliated Bank in the Expanded Bank Deposit Sweep.

• Deposits by you into Program Banks, outside of the Bank Deposit Sweep Programs, may adversely affect the FDIC coverage of your funds.

• In the Expanded Bank Deposit Sweep, cash in excess of $1,240,000 will be swept to ▇▇▇▇▇ Fargo Bank, N.A. and will be uninsured.

• You will receive the same interest rate on deposits at the Program Banks in the Bank Deposit Sweep Programs.

More Definitions of Bank Deposit

Bank Deposit means the Goldman Sachs Bank Deposit.

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.

Bank Deposit means a deposit with a Deposit Bank.

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

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

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.