Beneficiary Account definition

Beneficiary Account means the bank account to which you are sending funds.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Beneficiary Account means the Account established for a Beneficiary in accordance with Section 6.2.

Beneficiary Account means the bank account of the Beneficiary which is the subject of a Payment.

Examples of Beneficiary Account in a sentence

The COMPANY acknowledges that the account number matching of the specified Beneficiary Account with the Receiving Institution shall be sufficient for the implementation of the IBFT Instruction.
It shall ensure that all data and information provided by it in the Facility or IBFT Instruction form, including the Source Account, the amount to be transferred, and the Beneficiary Account details, are true, correct, complete, updated and accurate.
In initiating an IBFT Instruction, the COMPANY shall indicate the Source Account, the amount to be transferred, the Beneficiary’s name and the Beneficiary Account details in the Facility.
Beneficiary / Payee A natural or legal person who is the intended recipient of funds originating from a payment order; Beneficiary Account A payment account managed by a Payment Service Provider belonging to the Beneficiary/Payee.
A minimum contribution is required to open/maintain the Individual Beneficiary Account (IBA).

More Definitions of Beneficiary Account

Beneficiary Account means the segregated account maintained by the Trustee for each Beneficiary that has deposited Trust Shares under this Agreement, as contemplated by Section 2.01(f);

Beneficiary Account means the account belonging to the Beneficiary, which you have instructed us to send money to.

Beneficiary Account means the Account established for a Beneficiary in accordance with Article IX.

Beneficiary Account means the bank account of the beneficiary where to which the money instructed for by SGM -FX’s Client will be sent to.

Beneficiary Account means the account, belonging to the Beneficiary, which you have instructed us to send money to.

Beneficiary Account means any of the one or more bank accounts to which you are sending the proceeds of a transaction made using the Forex Services.

Beneficiary Account means the bank account nominated by you to which funds are to be transferred; “Business Day” means a day on which banks are open for general banking business in London, England; “Close Out” means the termination, cancellation or a reversal of a Trade or pending Trade;