Bankers definition

Bankers bank” means a bank which is organized under the laws of any state or under federal law, and whose shares are owned exclusively by other banks or by a bank holding company whose shares are owned exclusively by other banks, except for directors’ qualifying shares when required by law, and which engages exclusively in providing services for depository institutions and officers, directors and employees of those depository institutions.

Bankers has the meaning assigned to that term in the introduction to this Agreement.

Bankers. Acceptance” and “B/A” shall mean a non-interest bearing instrument denominated in Canadian dollars, drawn by the Canadian Borrower, and accepted by a Multicurrency Lender in accordance with this Agreement, and shall include a depository note within the meaning of the Depository Bills and Notes Act (Canada) and a bill of exchange within the meaning of the Bills of Exchange Act (Canada).

Examples of Bankers in a sentence

• Bank details may be retained for the purposes of refunds and claims payments that may be made by BACS (Bankers Automated Clearing System).

• Other business-related organizations or other institutions with which the Bank has dealings (such as financial institutions having business with the Bank, correspondent banks, Joint Credit Information Center (JCIC), National Credit Card Center of R.O.C. (NCCC),Taiwan Clearing House (TWNCH), The Bankers Association of the Republic of China, ,Financial Information Service Co., Ltd.

• The rent shall be paid by Bankers' Standing Order to the following bank account: Barclays, Leicester, LE87 2BB Sort Code: 20-00-77 Account number: 00000000 (Winchesters Lettings Limited).

• In these states, our obligations under this Contract are guaranteed under a service contract reimbursement Insurance policy, issued by American Bankers Insurance Company of Florida, a member company of Assurant Solutions, 00000 Xxxxx Xxxxx Xxxxx, Xxxxx, Xxxxxxx 00000, reachable at 0- 000-000-0000.

• The name and address of the insurance company is: American Bankers Insurance Company of Florida, 00000 Xxxxx Xxxxx Xxxxx, Xxxxx, XX 00000, 0-000-000-0000.

More Definitions of Bankers

Bankers liens arising by operation of law in respect of any deposit accounts of any Credit Party or any Subsidiary that are maintained in accordance with the terms of this Agreement;

Bankers acceptances" – means drafts or bills of exchange drawn upon a bank for a term not exceeding six months inclusive of days of grace and which arise out of transactions involving (i) the importation or exportation of goods; (ii) the domestic shipment of goods or financing of operations; or (iii) which are secured at the time of acceptance by a receipt issued by a bonded warehouse or such other document that conveys or secures title over readily marketable commodities.

Bankers means Bankers Trust Company.

Bankers. Acceptance Rate” means for any day a fluctuating rate per annum equal to the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A. as its “bankers’ acceptance rate”. Any change in such rate announced by Bank of America, N.A. shall take effect at the opening of business on the day specified in the public announcement of such change.

Bankers. Acceptance Rate” shall mean the average bid rate of interest (expressed as an annual percentage rate) rounded to the nearest one-hundred-thousandth of one percent (with 0.000005 percent being rounded up) for Canadian dollar bankers’ acceptances with maturities of one month which appears on the Relevant Screen Page at the Relevant Time on the Interest Determination Date; provided that if such rate does not appear on the Relevant Screen Page or the Relevant Screen Page is not available on an Interest Determination Date, the Calculation Agent shall request that the principal Toronto office of each of four major Canadian Schedule I chartered banks nominated by the Calculation Agent provide the Calculation Agent with its bid rate (expressed as a percentage rate per annum) for Canadian dollar bankers’ acceptances with maturities of one month for settlement on such Interest Determination Date and in an amount approximately equal to the Aggregate Principal Amount of the Covered Bonds then outstanding accepted by such banks as at the Relevant Time on such Interest Determination Date. If two or more of such banks provide the Calculation Agent with such bid rates as requested, the Reference Rate for such Interest Determination Date shall be the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 being rounded upwards) of such offered quotations, as determined by the Calculation Agent. If fewer than two quotations are provided as requested, the Reference Rate for such Interest Determination Date shall be the arithmetic mean (rounded if necessary to the fifth decimal place, with 0.000005 rounded upwards) of the bid rates quoted by major banks in Toronto, selected by the Calculation Agent, for Canadian dollar bankers’ acceptances for the Designated Maturity for settlement on such Interest Determination Date and in an amount approximately equal to the Aggregate Principal Amount of the Covered Bonds accepted by those banks as at the Relevant Time on the Interest Determination Date, as determined by the Calculation Agent.

Bankers. Acceptance Rate” means, for any interest period, the rate applicable to Canadian dollar bankers’ acceptances with a term to maturity of 30 days appearing on the Reuters Screen CDOR Page (or any successor or substitute page or service) as of 10:00 a.m. Toronto time on the first day of such interest period.

Bankers books” means any accounting records used in the ordinary business of banking and includes ledgers, day-books, cash-books and account books.