Fiat Account definition

Fiat Account means a fiat currency account that reflects a customer’s fiat currency balance.
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Fiat Account means a Fiat Currency account in our name into which your funds are deposited.
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Fiat Account has the meaning given in the Registration Statement.
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Examples of Fiat Account in a sentence

  • In the case of an account suspension due to (A) or (B) of this paragraph, Gemini shall permit Customer to withdraw Customer’s Assets and fiat currencies from Customer’s Custody Account or Fiat Account as soon as permitted by Applicable Laws and Regulations or the applicable court order, subpoena, or regulatory or governmental authority, and for ninety (90) days thereafter.

  • Except as set forth above, Gemini shall not suspend Customer’s access to the Custody Account or the Fiat Account, and any suspension of Customer’s access to such accounts shall constitute a breach of this Agreement.

  • The Trust shall instruct the Cash Custodian to transfer the cash proceeds to the Trust’s Fiat Account in connection with the Clearing Services (as defined in the Registration Statement) at the Ether Custodian, who provides the Trust with Clearing Services (as defined in the Registration Statement).

  • On the Redemption Settlement Date, the Liquidity Provider delivers cash to the Trust’s Fiat Account for the cash purchase price of the Trust’s Ether, as facilitated by the Ether Custodian under the Clearing Agreement.

  • In the case of an account suspension due to (C) or (D) of this paragraph, Gemini shall restore Customer’s normal access to the Custody Account or Fiat Account as promptly as reasonably possible without putting the Assets and fiat currency in such accounts at risk.

  • Upon settlement of the Ether sale to the Liquidity Provider and the deposit of cash in the Trust’s Fiat Account used in connection with the Clearing Services, the Trust instructs the Ether Custodian to transfer the cash to the Trust’s Cash Custodian account.


More Definitions of Fiat Account

Fiat Account means any fiat currency account established by Client for the Account Holder, or established on behalf of Client for Account Holder by Custodian, together with any subaccounts associated therewith.
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Related to Fiat Account

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

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).