Dormant Account Balance definition

Dormant Account Balance means the amount owing to a person by the Participant in respect of a Dormant Account after appropriate adjustments have been made for amounts properly payable in respect of such Dormant Account as at the relevant date, including Accrued Interest, any Transferred Accruing Interest and fees and charges payable and shall include, where the context permits, a Specified Account Balance transferred or to be transferred to the Reclaim Fund and one or more Eligible Charities in accordance with clause 1.6;
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Examples of Dormant Account Balance in a sentence

  • The scope of the Participant's agency under this agreement relates to Transferred Dormant Account Balances and the relationship and dealings, pursuant to this agreement, with Dormant Account Holders, or other third parties, in relation to, or in connection with, a Transferred Dormant Account Balance.

  • Interest credited since transfer to Reclaim Fund (£) The total of accrued interest of the Reclaimed Balances from the Transfer Date of each Dormant Account Balance into the Reclaim Fund until the date at which it ceases to become dormant (i.e. the date on which the Dormant Account Holder is repaid by the Participant as agent of the Reclaim Fund).

  • For the purposes of the Alternative Scheme, this relates to the entire Dormant Account Balance being transferred to the Reclaim Fund (in respect of the Agreed Proportion) and to Eligible Charities.

  • Alternative Scheme, the information Data Field Input-Format Description Purpose required relates to the entire Transferred Dormant Account Balance comprising the Agreed Proportion Amount and the Remaining Balance) Accounts' and 'Category 3 Accounts'.

  • Ferratum Group’s main interest rate risk arises from long-term borrowings that are issued at fixed and variable rates.

Related to Dormant Account Balance

  • Dormant Account means the Customer’s trading account in which there have been no trades for a period of more than 60 Calendar days.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Grant Account means the account opened by the Association on its books in the name of the Borrower to which the amount of the Grant is credited.”

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Debit Balance means, as of any date, the dollar amount, if any, representing the accrued aggregate Annual Charge not deducted from the Liquid Balance.

  • Participant Account means that separate account maintained under the Plan to record the amount that a Participant has contributed to the Plan during an Offering Period.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Merchant Account means an account used to submit credit card or debit card transactions or process credit card or debit card transactions.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Economic Capital Account Balance has the meaning provided in Section 5.1(e) hereof.

  • Economic Capital Account Balances has the meaning set forth in Section 5.01(g) hereof.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Capital Account Limitation has the meaning set forth in Section 4.05(b) hereof.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

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

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.