Early Encashment definition

Early Encashment means an accepted request from a customer upon which a customer is allowed to withdraw funds from a Product before the end of the term;
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Examples of Early Encashment in a sentence

  • In such an event, Early Encashment Charge will apply and Policyholders will receive the Surrender Value.

  • In the event this Premium Holiday period is exceeded, the Company will deduct Early Encashment Charges from the Initial Units Account.

  • The Early Encashment Charge will be deducted in calculating the Surrender Value of the Policy.

  • The Plan Holder may upon satisfactory completion of a Statement of Claim Form request Early Encashment of the Plan for a cash sum.

  • A processing fee on Early Encashment / Partial Withdrawal in addition to Encashment Deduction.

  • Surrender Early encashment charge is levied on the policy upon surrender or termination (other than as a result of the death of the insured) during the Early Encashment Charge Period.

  • Partial withdrawal will lead to termination of your policy, which will be subject to an early encashment charge (up to 41% of the Initial Units Account Value) during the Early Encashment Charge Period, if the Accumulation Units Account Value is insufficient to cover the relevant Policy Charges due and the Policy Charges remain outstanding after the expiry of the 31-day grace period.

  • In case of Early Encashment, an Encashment Deduction is applicable which is as shown in the Plan Schedule.

  • Early Encashment Charge = applicable Early Encashment Charge (with reference to the number of years from the date of surrender or termination till the end of the Premium Payment Term#) x Account Value of the Initial Units Account # Each incomplete year will be rounded up to a full year The Early Encashment Charge rate for the first (1st) Policy Year is 100%.Fund Management ChargesThe Fund Management Charges for the underlying funds will vary from one underlying fund to another.

  • We prefer this technique as it makes it easier to interpret the coefficients.measurable impact.

Related to Early Encashment

  • Termination Charge means a charge levied when an unamortized balance remains and the Jurisdiction requests termination of Street Lighting Service. The charge is determined by costs of equipment, installation, removal, disposal, Capital Recovery Period, and Utility Financing Cost minus payments made to date for the specific fixtures.

  • Early Termination Charge means, with respect to any 2016-B Lease that is terminated prior to its Maturity Date, an amount equal to the lesser of (a) the present value (discounted at the implicit rate of such 2016-B Lease) of all remaining Monthly Payments and (b) the excess, if any, of the adjusted 2016-B Lease balance over the related 2016-B Vehicle’s fair market wholesale value in accordance with accepted practices in the automobile industry (or by written agreement between the Servicer, on behalf of the Titling Trust, and the Lessee).

  • Termination Charges shall have the meaning set forth in Section 7.1(b)(iii).

  • Installation Charges means those Charges set out in the Order in relation to installation of the Service and/or any Purchased Equipment, Customer Equipment and/or BT Equipment as applicable.

  • Resource Substitution Charge means a charge assessed on Capacity Market Buyers in an Incremental Auction to recover the cost of replacement Capacity Resources.

  • Resettlement Assistance means the measures to ensure that project affected persons who may require to be physically relocated are provided with assistance such as moving allowances, residential housing or rentals whichever is feasible and as required, for ease of resettlement during relocation.

  • Access Charges means the sum payable under the Access Agreement and/or this RAO agreed by the Operators to be paid by the Access Seeker to the Access Provider for providing the Access Service, the indicative Access Charges are as per Appendix C hereof which rate is exclusive of GST which shall be payable also by the Access Seeker.

  • NERC Interchange Distribution Calculator means the NERC mechanism that is in effect and being used to calculate the distribution of energy, over specific transmission interfaces, from energy transactions.

  • Bond Service Charges means principal, including mandatory sinking fund requirements for retirement of obligations, and interest, and redemption premium, if any, required to be paid by the authority on obligations.

  • Recurring Charges means where you allow a Merchant to bill your Account for a specified or unspecified amount, at regular or irregular intervals for goods or services;

  • parking charge means the charge paid by drivers to leave a vehicle in a parking place;

  • Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

  • Built-Up Area and/or “Covered Area” in relation to a Flat shall mean the floor area of that Flat including the area of balconies and terraces, if any attached thereto, and also the thickness of the walls (external or internal) and the columns and pillars therein Provided That if any wall, column or pillar be common between two Flats, then one-half of the area under such wall column or pillar shall be included in the built-up area of each such Flat.

  • Cancellation Charge has the meaning given to that term in paragraph 5.1 of Part 2; "Core Operational Period" in relation to any part of the Network, means the period of the day when that part is generally open to train movements;

  • Standard Contractual Clauses means the standard contractual clauses for the transfer of personal data to processors established in third countries, as approved by the European Commission in Decision 2010/87/EU, or any set of clauses approved by the European Commission which amends, replaces or supersedes these;