Deposit broker definition

Deposit broker means any person who is a deposit broker as defined in section 29(g) of the Federal Deposit In- surance Act (12 U.S.C. 1831f(g)).
Deposit broker. Means any person who brings together with credit institutions persons seeking to make deposits in return for a fee, commission or other reward;
Deposit broker means any person who brings together with credit institutions persons seeking to make deposits in return for a fee, commission or other reward. A deposit Broker may act for one or a number of credit institutions. The deposit Broker may not accept cash. All cheques must be made payable to the relevant credit institution.

Examples of Deposit broker in a sentence

  • Deposit broker means a person engaged in the business of placing deposits, or facilitating the placement of deposits, of third parties with financial institutions; or the business of placing funds with financial institutions for the purpose of selling interests in the deposit to third parties.(b) Limitation.

  • Deposit broker (§ 230.2(k))A deposit broker is a person who is in the business of placing or facilitating the placement of deposits in an institution, as defined by section 29(g) of the Federal Deposit Insurance Act r12 USC § 1831f(g)) Fixed-rate account (§ 230.2(l))A fixed-rate account is an account for which the institution contracts to give at least 30 calendar days’ advance written notice of decreases in the interest rate.

  • Deposit broker commissions are recognized immediately in net income.

  • At the time of move-in, Landlords typically require Tenants to pay their first month’s rent, Security Deposit, broker fees, application fees, or other move-in related charges.

  • On receipt of your instructions we will transmit orders on your behalf to one or more product producers with whom we hold a written appointment.As a Deposit broker we can advise you on your deposit options.

  • Deposit broker (§ 1030.2(k))A deposit broker is a person who is in the business of placing or facilitating the placement of deposits in an institution, as defined by section 29(g) of the Federal Deposit Insurance Act (12 U.S.C. §f(g)).

  • Examples of Insurance Coverage Example 1: Partially InsuredScenario Deposit broker acting as agent.

  • Edge Act and Agree- ment corporations, and agencies of foreign institutions, are not depository institutions for purposes of this part.(k) Deposit broker.

  • Comparing the domestic cabotage, Foreign Direct Investment (FDI) and related policies of India and US will show this ranking is not appropriate.


More Definitions of Deposit broker

Deposit broker means any person who brings together with credit institutions persons
Deposit broker means a deposit broker that has signed an agency contract with ResMor Trust substantially in the form of ResMor Trust’s standard form agency contract.
Deposit broker means any personwho is a deposit broker as defined in section 29(g) of the Federal Deposit Insurance Act (12 U.S.C. 1831f(g)).
Deposit broker means any person who is a deposit broker as defined in12 CFR Ch. II (1–1–06 Edition)section 29(g) of the Federal Deposit In- surance Act (12 U.S.C. 1831f(g)).

Related to Deposit broker

  • Prime Broker means a Person that acts as credit counterparty for transactions executed on the SEF in the name and on behalf of such Person by its client or an agent of its client that is a BSEF Participant and that has authorized a Participant to send RFQs, place Orders or enter into Trades in the name and on behalf of such Person.

  • Mortgage broker means any person who for compensation or

  • Funding and Brokerage Fees means, in respect of a Series, all applicable fees other than the Arranger Fees, including, but not limited to, margin interest, securities lending fees, brokerage fees and costs of transaction taxes on the sale or purchase of Reference Assets (where relevant).

  • insurance broker means an insurance brokerage firm,

  • Escrow Holder means the bank or trust company designated as such pursuant to Section 9 hereof.

  • Escrow Agent means the escrow agent under the Escrow Agreement.