CPF Ordinary Account definition

CPF Ordinary Account means the Customer's Central Provident Fund Ordinary Account maintained with the Board.
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CPF Ordinary Account means the account referred to by the CPF Board as the ordinary account;
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Examples of CPF Ordinary Account in a sentence

  • The CPF interest rate for the CPF Ordinary Account is based on the 12-month fixed deposit and month-end savings rates of the major local banks.

  • They may be offered an HDB housing loan of up to 90% of the purchase price of the flat, subject to full utilisation of available balance in the CPF Ordinary Account and credit assessment.

  • Subscriptions using CPF monies If you wish to subscribe for Units in a CPF Sub-Fund with monies from your CPF Ordinary Account, you will have to give a written authorisation to the relevant Approved Bank for monies to be withdrawn from your CPF Ordinary Account for the subscription of Units.

  • If both your CPF Investment Account and CPF Ordinary Account are closed, the monies will be paid to you in accordance with the Irish Prospectus or otherwise in accordance with any applicable laws, regulations or guidelines.

  • If you have purchased Units with CPF monies from your CPF Investment Account, any monies payable to you in respect of such Units will be paid by transferring the monies to the relevant Approved Bank to be credited to your CPF Investment Account or CPF Ordinary Account or otherwise in accordance with the provisions of any applicable laws, regulations or guidelines.

  • An investor using monies from his CPF Ordinary Account shall authorise the CPF agent bank to request for monies to be debited from his CPF Ordinary Account to the credit of his CPF Investment Account and to debit monies from his CPF Investment Account to pay for the subscription of Units.

  • If you have purchased Units with CPF monies from your CPF Ordinary Account, you will only be able to switch all or any of such Units into Units of another CPF Sub-Fund which can be purchased with monies from the CPF Ordinary Account.

  • Expressing such reasoning, means the linguistic expression of the underlying reasoning anima.

  • Any interest in the CPF Investment Account may not be withdrawn but shall be credited to the CPF Ordinary Account in accordance with these Terms and Conditions.

  • If the amount of the funds which Customer instructs the Bank to refund to his CPF Ordinary Account is less than the funds available in his CPF Investment Account at the time the Bank receives instructions to effect the refund, the instruction to refund shall be deemed cancelled.

Related to CPF Ordinary Account

  • Primary Account or “Settlement Account” shall mean, in case of multiple Accounts linked to the ATM/Debit Card, the Account that has been designated as being the main/first Account of operation i.e. the Account from which purchase transactions, charges and fees related to the ATM/Debit Card are debited.

  • Discretionary Account means a Personal Account in which you have completely turned over decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code) and you have no direct or indirect influence or control over the account. (Such Discretionary Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.)

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Custody Account means each Securities custody account on Bank's records to which Financial Assets are or may be credited pursuant hereto.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Collection Accounts As defined in Section 3.10(a).

  • Investment Account As defined in Section 3.12(a).

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Liquidity Account has the meaning set forth in Section 6.22(a).

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Note Account As defined in the Indenture.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.