Federal Funds definition

Federal Funds means federal or other immediately available funds which at the time of payment are legal tender for the payment of public and private debts in the United States of America.
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Federal Funds means immediately available same day funds.
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Federal Funds means funds received from the federal government under a categorical grant or similar program and does not include federal funds received under a revenue sharing arrangement.
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Examples of Federal Funds in a sentence

  • Subject to the terms and conditions hereof, at the Closing, payment of the purchase price for the Securities sold on the Closing Date shall be made by Federal Funds wire transfer, against delivery of such Securities, and such Securities shall be registered in such name or names and shall be in such denominations, as the Placement Agent may request at least one business day before the time of purchase.

  • A Party holding Performance Assurance in the form of cash posted by the other Party will pay the posting Party interest on such cash, monthly, at the Federal Funds rate of interest.

  • The parties acknowledge that the Board of Trustees and the administration will include the HEA at meetings that discuss disbursement of monies in the event that Emergency Federal Funds are made available to schools.

  • The interest rate is dependent on factors such as the current Federal Funds Rate and will be adjusted commensurately with changes to the relevant factors.

  • To the extent that such amounts generate float earnings, such earnings will generally be realized by NFS at rates approximating the Target Federal Funds Rate.


More Definitions of Federal Funds

Federal Funds means all funds paid to LPHA under this Agreement that OHA receives from an agency, instrumentality or program of the federal government of the United States.
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Federal Funds means funds available through Title IV, Part A, and Title V, Part A.
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Federal Funds means all funds paid to County under this Agreement that OHA receives from an agency, instrumentality or program of the federal government of the United States.
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Federal Funds means those funds awarded to the State pursuant to the Clean Water Act (33 U.S.C. §1251 et seq.) or the Safe Drinking Water Act (42 U.S.C. §300f et seq.), as the same may from time to time be amended and supplemented.
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Federal Funds means funds received from the federal
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Federal Funds means the funds provided by FEMA to fund performance of the Work, which may be used to reimburse Pre-award Costs, if authorized in this Grant.
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Federal Funds means the funds provided by the Federal Transit Administration (“FTA”) to fund performance of the work.
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