Bank Deposits means any of the following having a maturity of not more than 180 days: demand and time deposits in, certificates of deposit of, and bankers' acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities so long as the commercial paper or debt obligations of such depository institution or trust company (or, in the case of the principal depository institution in a holding company system, the commercial paper or debt obligations of such holding company) have a credit rating of at least "P-1" by Moody's and at least "A-1" by S&P (or equivalent credit ratings if different rating categories are used), in the case of commercial paper and short-term obligations; provided that the issuer thereof must also have at the time of such investment a long-term credit rating of at least "Aa3" by Moody's or at least "AA" by S&P (or equivalent credit ratings if different rating categories are used).
Bank Deposits means any of the following: demand and time deposits in, certificates of deposit of, and bankers’ acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities so long as the commercial paper or debt obligations of such depository institution or trust company (or, in the case of the principal depository institution in a holding company system, the commercial paper or debt obligations of such holding company) have a credit rating of at least “P-1” by Xxxxx’x and at least “A-1” by S&P (or equivalent credit ratings if different rating categories are used), in the case of commercial paper and short-term obligations; provided that the issuer thereof must also have at the time of such investment a long-term credit rating of at least “Aa3” by Xxxxx’x or at least “AA” by S&P (or equivalent credit ratings if different rating categories are used).
Bank Deposits means all sums of money on deposit to the credit of the BORROWER and its SPECIAL SUBSIDIARIES at any bank, trust company, national banking association, savings bank, savings and loan association or similar institution.
Examples of Bank Deposits in a sentence
Please indicate if you hold, or have held, any of the following investments?Yes No Bank Deposits Unit Trusts Direct equity investment Structured Products5.
The fund will invest exclusively in Treasury Bills, Bank Deposits, Certificate of Deposits, other money market instrument and short duration Government Securities.
Bank Deposits and InvestmentsCash and cash equivalents are considered to be cash on hand, demand deposits, and short-term investments with a maturity of three months or less when acquired.
Barkley Clark & Barbara Clark, The Law of Bank Deposits, Collection and Credit Cards, (Revised Edition) ¶ 6.02(2), involving defenses arising from the manner of presentment, interbank agreements, the application of clearing house rules, emergencies, breach of warranty, etc.
Custodial Credit Risk of Bank Deposits Custodial credit risk is the risk that in the event of bank failure, the Academy’s deposits may not be returned by the bank.
More Definitions of Bank Deposits
Bank Deposits means cash deposits made with credit institutions, repayable on demand or upon prior notice of up to three months, or at agreed maturities of up to two years, inclusive of sums paid to credit institutions in respect of a transfer of securities under repurchase agreements and securities lending,
Bank Deposits means all deposit accounts maintained by the Member with the Bank (excluding safekeeping accounts expressly held for the benefit of a third-party), all money, cash and checks, drafts, notices, bills, bills of exchange and bonds deposited therein or credited thereto, including any increases, renewals, extensions, substitutions and replacements, whether or not such instruments have been posted to any such deposit account, and all statements, certificates, passbooks and instruments representing any such deposit account.
Bank Deposits means any of the following having a maturity of not more than 183 days: demand and time deposits in, certificates of deposit of, and bankers' acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities so long as the commercial paper or debt obligations of such depository institution or trust company (or, in the case of the principal depository institution in a holding company system, the commercial paper or debt obligations of such holding company) have a credit rating of at least "P-1" by Moody's and at least "A-1" by S&P, in the case of commercial paper and short-term obligations; provided that the issuer thereof must also have at the time of such investment a long-term credit rating of at least "Aa3" by Moody's or at least "AA-" by S&P.
Bank Deposits means all deposit accounts maintained by the Member with the Bank (excluding safekeeping accounts expressly held for the benefit of a third-party), all money, cash and checks, drafts, notices, bills, bills of exchange and bonds deposited therein or credited thereto, including any increases, renewals, extensions, substitutions and replacements, whether or not such instruments have been posted to any such deposit account, and all statements, certificates, passbooks and instruments representing any such deposit account. "Capital Stock" means all of the capital stock of the Bank owned by the Member, and all payments which have been or hereafter are made on account of subscriptions to, and all unpaid dividends on, such Capital Stock.
Bank Deposits means any of the following having a maturity of not more than 180 days: demand and time deposits in, certificates of deposit of, and bankers' acceptances issued by any depository institution or trust company incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state banking authorities so long as the commercial paper or debt obligations of such depository institution or trust company (or, in the case of the principal depository institution in a holding company system, the commercial paper or debt obligations of such holding company) have a credit rating of at least "P-1" by Moody's and at least "A-1" by S&P (or equivalent credit ratings if different rating categories are used), in the case of commercial paper and short-term obligations; PROVIDED, that the issuer thereof must also have at the time of such investment a long-term credit rating of at least "Aa3" by Moody's or at least "AA" by S&P (or equivalent credit ratings if different rating categories are used).
Bank Deposits has the meaning given to that term in Section 5.16(a) of this Agreement.
Bank Deposits means demand deposits, time deposits and certificates of deposit insured by the FDIC and “Restricted Area” means the State of Delaware. Seller agrees that during the Term, neither Seller nor its Affiliates (other than Target or Target Subsidiaries), shall directly or indirectly solicit retail customers and business customers for non-deposit investment products or custodial or trust services products from such parties residing or doing business in the Restricted Area.