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 this ITP, the word “including” (or “include” or “includes”) means “including without limitation” and shall not be considered to set forth an exhaustive list.

  • If the Regular Premium remains unpaid after the Grace Period, this Policy will lapse and the Early Encashment Charge (“EEC”) will apply.From Policy Year two (2) onwards:If no Regular Premium (excluding the RSP and Top-up Premiums) is received on the expiry date of the Grace Period, the Premium Holiday will be automatically activated upon the expiry of the Grace Period, subject to applicable Premium Holiday Charge.

  • The following are examples for early surrender and partial withdrawal: Example of Early Encashment Charge for early surrenderEarly 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.

  • The Early Encashment Charge, if any, will be deducted from the remaining Fund.

  • It is intended that performance indicators will incorporate private sector services where relevant.

  • For the purposes of this section and if jurisdiction rules permit, if difficulties arise in selling the assets ofthe Fund, the Company may choose instead to transfer the assets to the Policyholder after deducting the Early Encashment Charge, if any, together with any external expenses, taxes, duties and other charges incurred by theCompany in connection with such a transfer and in so doing cancel the remaining number of Units attached to the Policy.

  • These regulations shall also discourage excessive visual competition in signs and thereby reduce distractions and obstructions from signs which would adversely affect traffic safety.

  • Refer to product summary for more details Early Encashment Charge (EEC)Account value of first 18 months premium x EEC%EEC% = 100% for first year; the rest is with reference to number of years in remaining premium payment term years Fund Management Charge According to the investment-linked policy sub-fund you choose.

  • The Administration Charge depends on the number of assets being held in the Fund, excluding the Company’s unit-linked funds, as follows:16.3.3 Calculation of the Early Encashment ChargeIn relation to Article 16.3.2 above, where an Early Encashment Charge applies it will be equal to a proportion of the full Early Encashment Charge for that Premium.

  • In order to avoid incurring an Early Encashment Charge, the minimum Value of Units remaining in respect of that Premium after the Partial Encashment is processed must be at least €20,000 (€100,000 x 20%).In relation to Condition 8.2 above, where an Early Encashment Charge applies it will be equal to a proportion of the full Early Encashment Charge for that Premium (see Condition 13.3 below).

Related to Early Encashment

  • 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).

  • 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.

  • Connection Charge is the sum payable by the Communications Provider in accordance with the Openreach Price List for provisioning of the Service;

  • Network Termination Point (NTP) means the physical point at which a subscriber is provided with access to a public communications network; in the case of networks involving switching or routing, the NTP is identified by means of a specific network address, which may be linked to a subscriber number or name;

  • Net Metering Net metering refers to customers who sell electricity they produce, typically through a rooftop solar panel, back to the utility for credit. If you are a net metering customer, you should not enroll with XOOM because your net metering agreement will not transfer to XOOM once you enroll.

  • 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;

  • Rack means a mechanism for delivering motor vehicle fuel or diesel from a refinery or terminal into a truck, trailer, railroad car, or other means of non-bulk transfer.