Endowment Account definition

Endowment Account means a financial account established to produce an income stream through investment vehicles such as stocks and bonds. The base amount in the endowment (the corpus) is generally not expended, and a portion of annual earnings generally remains in the endowment account allowing it to grow at a pace that is equal to inflation. The remainder of earnings will be expended for the benefit of NPS.
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Endowment Account means the investment management account to be opened and maintained with a banking institution duly licensed to conduct banking business in an OECD member country and in accordance with applicable laws and regulations, in the name of GLF and funded by any proceeds received by GLF pursuant to the Conservation Funding Agreement.
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Endowment Account means the individual permanently restricted account with the Cal State LA Foundation Endowment Fund.
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Examples of Endowment Account in a sentence

  • The National Health and Medical Research Council Act 1992 (the Act) provides for the establishment of the Medical Research Endowment Account (the Account).

  • NPS and Friends Group shall mutually determine the need for an Endowment Account and/or Investment Account, where the account will be established for the benefit of NPS.

  • This fine will be levied by the Comptroller of ASNMSU who will extract the amount from the College Council’s account and deposit it into the ASNMSU Club Endowment Account.

  • The adjusted base budget includes $2.0 million in funds transferred from the Endowment Account budget in FY 2016 for the Nevada College Kick Start (CKS) Program that establishes college savings accounts with an initial deposit of $50 for all public school kindergarten students in Nevada.

  • NPS may terminate continued Friends Group operation of an Endowment Account by written notice.

  • The amount of funds (including interest and earnings, as applicable) available for expenditure from an Endowment Account in a given year will be determined by the Friends Group with the assistance of its financial advisors.

  • To the extent that donations (or other funding) come to the Foundation from the public without Restrictions, represent earnings on investments which are likewise without Restrictions (including without limitation Foundation Endowment Account Earnings), or they are funds over which the donor expressly requested that the Foundation determine their charitable use or distribution, such donations and earnings thereon shall be considered “Unrestricted Funds”.

  • In this event, Endowment Account management shall continue to be subject to the provisions of this EIAA, except that Friends Group will make Endowment Account Funds available to NPS upon NPS’s written request.

  • The Act mandates the establishment of the Opportunity Scholarship Endowment Account (herein referred to as the OSEA) to receive contributions as an endowed scholarship fund.

  • Investment Account funds and Endowment Account funds will be allocated for use in accordance with the terms of the Annual Work Plan process identified in Article IV of the Friends Group Agreement.


More Definitions of Endowment Account

Endowment Account means an account in Dollars in the name of the Statutory Trust maintained at The Bank of New York Mellon under the Custody Agreement, or such other account as from time to time may be designated by BIC with Belize's prior written consent.
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Endowment Account means the account by that name created within the Conservation Trust Fund pursuant to Section 5423 of this Chapter.
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Endowment Account means the individual permanently restricted account with the CSULA Foundation.
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Endowment Account means the account by that name created within the Conservation Trust Fund pursuant to § 5423 of this title.
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Endowment Account means the Administrative Body’s L790A internal cost centre against which a proportion of the Guideline Tariffs are to be paid by the Administrative Body in accordance with Clause 5 and any other account into which those monies are paid or any investment purchased with those monies; “Financial Plan and Budget” the financial plan and budget for each year of the Project approved by the JSPB “Financial Reporting Requirements” the requirements set out at Schedule 2;
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Endowment Account the bank account [details] into which a proportion of the Guideline Tariffs are to be paid by the Administrative Body in accordance with Clause 5 and any other account into which those monies are paid or any investment purchased with those monies;
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Related to Endowment Account

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

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

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee for the benefit of the Holders in which all amounts paid in respect of the Notes will be held and from which the Property Trustee, through the Paying Agent, shall make payments to the Holders in accordance with Sections 3.1, 4.1 and 4.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

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

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

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

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Controlled Disbursement Account means any accounts of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Direct Account : means any Account which is not an ISA Account.

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

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Holding Account means an account:

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.