Covered deposit means a deposit that (i) is submitted for placement through a deposit placement network by the agent institution; and (ii) does not consist of funds that were obtained for the agent institution, directly or indirectly, by or through a deposit broker before submission for placement through a deposit placement network.
Covered deposit means the portion of a qualifying deposit covered by the Deposit Insurance Fund provided for in section 166AB;’’;
Covered deposit means the part of an eligible deposit, or the part of a deposit that would be an eligible deposit of a bank incorporated in Jersey if it was not held in a bank account in a branch outside Jersey, that does not exceed the maximum amount of compensation payable to any depositor –
Examples of Covered deposit in a sentence
Covered deposit growth does appear slightly more consistent in European banks, smoothed throughout the pandemic period around the 2% mark rather than experiencing any significant peaks.
More Definitions of Covered deposit
Covered deposit means the part of eligible deposit that does not exceed the coverage level, and in the Republic of Croatia as prescribed by the regulation governing deposit insurance;
Covered deposit means a covered deposit, as defined in section 1(1) of the Financial Sector Regulation Act;
Covered deposit means the part of an eligible deposit that does not exceed the maximum amount of compensation payable to a depositor under Article 22 of the Bank Depositors Compensation (Jersey) Law 201-1;
Covered deposit means the portion of a qualifying deposit covered by
Covered deposit means the part of an eligible deposit determined by the Management Board’s decision, that is covered by the Deposit Insurance Fund;
Covered deposit means the part of an eligible deposit that does not exceed the coverage levels set out in section 24;