Finst Credits definition

Finst Credits a pre-paid electronically stored monetary value representing a claim on Finst as issuer of the Finst Credits. Finst Credits can only be used for payments on the platform of Finst.
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Examples of Finst Credits in a sentence

  • Finst will hold the money received from its clients against the issuance of Finst Credits and any investments made therewith, on a separate account of Finst with SPV.

  • Finst Credits are a pre-paid electronically stored monetary value and no interest or other form of income is paid on them.

  • In case of negative income and loss, e.g. due to negative interest on the account of SPV with a bank, Finst will be entitled to charge from Client, pro rata to the number of Finst Credits held by Client, an amount equal to this negative income and loss.

  • Finst Credits can only be used for payments on the platform of Finst.

  • Any positive income and profit earned by Finst on such money and investments, will be used by Finst to cover the costs of the Finst Credits and SPV.

  • Finst Credits are a pre-paid electronically stored monetary value representing a claim on Finst as issuer of the Finst Credits.

  • All Instructions, all transactions between Client and Finst, all positions in Finst Credits and Digital Assets as shown on the Account and any other agreements of which Parties agree that these are part of the Crypto Services Agreement together form one single agreement.

  • Where applicable, the mention of money anywhere in this Crypto Services Agreement (but not including any stipulations about a debit balance in money or about the transfer of money to and from the Central Account) and on the Website refers to the value of Finst Credits held by Client.

  • Finst will transfer the balance in money that remains after closing all positions in Digital Assets and Finst Credits and after all obligations of Client to Finst and SPV have been fulfilled, to the Bank Account.

  • Upon receipt of money from or for the account of a client, Finst will issue Finst Credits to the client.

Related to Finst Credits

  • Emission Reduction Credits means emission reductions that have been authorized by a local air pollution control district pursuant to California Health and Safety Code, Division 26 Air Resources, Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Credits means the Federal and State Housing Tax Credit program.

  • Service Credits means the service credits payable to the Purchaser by the Service Provider in the event that the Service Levels are not met and identified as service credits in the Pricing Schedule.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Financial Account means an account maintained by a Financial Institution, and includes:

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

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

  • Energy Accounts means the regional energy accounts/state energy accounts as specified in the Grid Code issued by the appropriate agency for each Month (as per their prescribed methodology), including the revisions and amendments thereof;