Dormant accounts definition

Dormant accounts means savings or deposits accounts maintained by the Sacco Society that are not operational or has no transactions within the prescribed period.
Sample 1Sample 2
Dormant accounts means Deposit Accounts that, as of the Closing Date, have been inactive for a period of two (2) years or more.
Sample 1
Dormant accounts. If your CD becomes dormant, we will change the Interest Payment method to automatically credit interest into your account. (Please see the information on dormant accounts titled Dormant Accounts.)
Sample 1

Examples of Dormant accounts in a sentence

  • Dormant accounts (if interest bearing) will continue to earn interest, and will be subject to such service charges as may be shown on the Schedule of Fees herein.

  • Inactive accounts are accounts without any trading transaction for more than one (1) year while Dormant accounts are accounts without any trading transaction for more than three (3) years.

  • Dormant accounts are treated separately; please ask a representative for details.

  • Dormant accounts for more than two years were reclassified to Other Receivables.

  • Dormant accounts are charged with a maintenance fee of US$100 or the full amount of the free balance in the account if the free balance is less than US$100.

  • Despite a substantial amount of academic discussion on the topic, the majority of federal courts and the position of the Tennessee Board of Professional Responsibility, as stated in its formal ethics opinions, do not treat the nondisclosure of attorney participation as immaterial.

  • Dormant accounts may be subject to the Dormant Account Fee disclosed in the Fee Schedule.

  • Dormant accounts are charged with a maintenance fee of US$25 or the full amount of the free balance in the account if the free balance is less than US$25.

  • Dormant accounts are accounts with no account activity over a period of 12 months.

  • Dormant accounts are current accounts which have no movements and transactions done (excluding automatic operations – booking of monthly fees, interest, etc.) for a period of 360 days.

Related to Dormant accounts

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

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Relevant Accounts means, in respect of any Interest Payment Date, the most recently published audited unconsolidated annual financial statements of UBS Group AG prepared in accordance with the Swiss Code.

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

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

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

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

  • Separate Accounts means the accounts which are to be prepared for each

  • 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.”

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

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

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

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

  • Joint Account means an Account opened in more than one name;

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

  • Project Account means the account referred to in Section 3.03 of this Agreement;

  • Last Accounts means the Accounts of the Target Companies in respect of the financial period ended on the Last Accounts Date;

  • 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.

  • 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.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.