Cash Items definition
Cash Items means cash as the same is presented in the Company's audited consolidated financial statements for its most recently completed fiscal year.
Cash Items means cash, coins, paper currency, demand deposits with banks, timely checks of others, certified checks, bank drafts, money orders, travelers checks, letters of credit, and shares of a registered investment company that holds itself out as a money market fund and seeks to maintain a stable net asset value of $1.00 per share.
Cash Items means demand checking accounts, investments in money market funds registered under the Investment Company Act and high quality short-term debt instruments held solely for the purpose of providing immediate working capital and short-term liquidity. “face-amount certificates of the installment type” means any certificate, investment contract, or other security which represents an obligation on the part of its issuer to pay a stated or determinable sum or sums at fixed or determinable times more than 24 months after issuance, in consideration of the payment of periodic installments.
Examples of Cash Items in a sentence
The PDF Check Presentment and Return Service is subject to the terms and conditions set forth in Federal Reserve Bank Operating Circular 3, entitled "Collection of Cash Items and Returned Checks," and Operating Circular 5 entitled "Electronic Access," both as amended from time to time, except to the extent that the terms and conditions of this Agreement conflict from the provisions of Operating Circular 3 or 5.
Non Cash Items and Merger Expenses" shall mean depreciation, merger expenses, gains/losses on asset sales, and impairment charges; provided that these items and expenses shall allow for adjustment to exclude events pursuant to changes in GAAP and certain non-cash items at the discretion of MFA’s independent directors.
Return on Equity" shall mean six months GAAP net income plus (minus) certain Non Cash Items divided by average Tangible Net Worth, annualized.
No-Negative Carryover - in case Your balance under a Revenue Share Commission Plan in any given month is negative due to Customer winnings and/or Non Cash Items and/or Cash Items and/or Progressive Contributions said this balance will be set to zero.
Return on Average Equity" shall mean twelve months GAAP net income plus (minus) certain Non Cash Items and Merger Expenses divided by average Tangible Net Worth, for the period ending November 30th.
More Definitions of Cash Items
Cash Items means all cash items, suspense items and items in process of collection, that are related to the Branch Deposits and Branch Loans and (i) which, on the Closing Date, have not been outstanding and uncollected for a period in excess of 10 days, or (ii) which otherwise are acceptable to Purchaser.
Cash Items means (i) Restricted Cash, plus (ii) minimum cash in the amount of $500,000, plus (iii) bonus payable and management incentive payments (other than amounts payable in connection with the transaction and included in Company Transaction Expenses).
Cash Items means securities and cash and cash equivalent items.
Cash Items means all cash items, suspense items and items in process of collection, that are related to the IB Deposits.
Cash Items means demand checking accounts, investments in money market funds registered under the Investment Company Act and high quality short-term debt instruments held solely for the purpose of providing immediate working capital and short-term liquidity.
Cash Items means all cash items, suspense items and items in process of collection, that are related to the Branch Deposits and Branch Loans and (i) which, on the Closing Date, have not been outstanding and uncollected for a period in excess of 30 days, or (ii) which otherwise are acceptable to Purchaser. "Closing" and "Closing Date" shall have the meanings assigned to them in Section 4.1 of the Agreement. "Closing Payment" shall have the meaning set forth in Section 3.2. "Demand Deposits" means individual, partnership, corporate and any other negotiable deposits, including, without limitation, NOW accounts. "Deposit" shall have the meaning set forth in Section 3(1) of the Federal Deposit Insurance Act, 12 U.S.C. ss.1813(l), including, without limitation, individual retirement accounts ("IRA") and cash management ▇▇counts. "Depository Institution" means any bank or savings association as those terms are defined in Section 3(c) of the Federal Deposit Insurance Act, 12 U.S.C. ss.1813(c), and any credit union. "Effective Time" means the 12:00 a.m. on the day following the Closing Date. "Employees" means the employees assigned to the Branch Offices from the date of the Agreement through Closing. "Equipment Leases" shall have the meaning set forth in Section 2.1(g). "ERISA" means the Employee Retirement Income Security Act of 1974, as amended. "Excluded Assets" shall have the meaning set forth in Section 2.2. "Excluded Deposits" means (i) Brokered Deposits, (ii) deposits which are the subject of attachment, garnishment or other legal process, (iii) such other Deposits as are described on Schedule 2.4(a) hereto, and (iv) related Accrued Interest Payable on such Excluded Deposits. "FDIC" means the Federal Deposit Insurance Corporation. "Federal Funds Rate" shall be the weighted daily mean of the high and low rates quoted for Federal Funds in the Money Rates Column of The Wall Street Journal, or if not reported for such day, the average of such quotations for the last previous day for which such quotations were reported, for the period between the Closing Date and the Adjustment Payment Date. "Final Closing Statement" shall have the meaning set forth in Section 4.3. "Jumbo Deposit" means a certificate of deposit with a balance of one hundred thousand dollars ($100,000) or more.
Cash Items means all cash items, suspense items and items in process of collection, that are related to the IB Deposits. "CFB IB Operation" shall mean the CFB Internet banking operation described in Section 2.2 hereof. "Deposit" shall have the meaning set forth in Section 3(1) of the Federal Deposit Insurance Act, 12 U.S.C. ss1813(l), including, without limitation, individual retirement accounts and cash management accounts. "IB Contracts" means any leases, contracts and other agreements owned by CFB and utilized principally in the CFB IB Operation. "IB Deposit" means a Deposit (except South Carolina Deposits), including Accrued Interest Payable thereon, which has been gathered through the CFB IB Operation. "IB Loan" means any loan substantially effected through the CFB IB Operation and any other loans of such types or categories and in such amounts as are agreed upon by the parties hereto, together with any Accrued Interest Receivable thereon, the related servicing rights and all records associated therewith. "Net Book Value" means the value of an asset on the books of CFB as of the date of the Transfer determined in accordance with Generally Accepted Accounting Principles ("GAAP"), but without regard to any general allowance for credit losses. "Premier Charter" shall mean the thrift charter of Premier Bank, FSB. "South Carolina Deposits" shall mean IB Deposits associated with customers who on the date hereof,