Deduction Date definition

Deduction Date means the day when the Bank pays to Acquiring Institution or Designated Stores for Cardholder’s consuming or taking obligation of payment for Cardholder, and recording on Cardholder’s designated account for paying such payment.

Deduction Date means, in respect of the assets mentioned in the First Schedule, the date or dates on which Zakat is to be deducted at source and which is or are specified in the fifth column of that Schedule;

Deduction Date means each of the seven (7) semi-monthly payment dates from February 1 through May 1 provided for under paragraph 3 of the Uniform Player Contract.

Examples of Deduction Date in a sentence

• If the Loan Amount exceeds the Cash Value on any Deduction Date and the Death Benefit Guarantee is not in effect, the Policy will be in default.

• The effective date of any increase in the Stated Amount will generally be the Deduction Date next following either the date of a new application, or if different, the date requested by the applicants.

• On each Deduction Date, the interest earned is transferred to the Subaccounts and the Fixed Account in accordance with the instructions for Net Premium allocations then in effect.

• The charge varies from Policy to Policy and from Deduction Date to Deduction Date.

• The amount paid upon reinstatement must at least equal the sum of all Deduction Amounts due but unpaid, repayment or restoration of the Loan Account, and the following three Deduction Amounts calculated as of the Deduction Date next following receipt of premium by the Company.

• In the case of an underpayment, if the Cash Surrender Value on a Deduction Date is less than the Monthly Deduction to be made on that date and the Death Benefit Guarantee is not in effect, the Policy will be in default and a grace period will begin.

• The adjustment will be based on the ratio of the correct cost of insurance for the most recent Deduction Date for that benefit to the cost of insurance charge that was made.

• If the Cash Surrender Value on a Deduction Date is less than the amount of the Monthly Deduction due on that date, and the Death Benefit Guarantee is not in effect, the Policy will be in default and a grace period will begin.

• On each Monthly Deduction Date, the Loan Account amount will be credited with interest at a minimum guaranteed annual effective rate of 6%.

• The Monthly Deduction will be deducted from the Accumulation Value as of the Date of Issue and on each Monthly Deduction Date thereafter.

More Definitions of Deduction Date

Deduction Date means the date on which the Deduction Amount shall be deducted from/paid by the Guardian.

Deduction Date means the date established by the Committee that payroll deductions are made or direct payments are made to the Program.

Deduction Date means the date on which Partnership Share Money is deducted from an Eligible Employee’s Salary Payment;

Deduction Date means, in relation to any Base Period, any Business Day in that Base Period upon which part of an Eligible Employee's Emoluments are paid to him;

Deduction Date refers to the date when the Bank deducts the Regular Investment Amount from your Savings Account according to the RSP instruction set by you and uses it to subscribe for the Designated RSP fund.