GUARANTEED INTEREST ACCOUNT definition

GUARANTEED INTEREST ACCOUNT. The Guaranteed Interest Account is an allocation option under the Contract supported by the Company's General Account. It is not part of nor dependent upon the investment performance of the Variable Account.
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GUARANTEED INTEREST ACCOUNT. The "Guaranteed Interest Account" is a part of our General Account, to which a portion of the Accumulation Value may be allocated and which provides guarantees of principal and interest.
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GUARANTEED INTEREST ACCOUNT means an account established on behalf of the Participant as described in Section 5.2.
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Examples of GUARANTEED INTEREST ACCOUNT in a sentence

  • THE VALUATION OF SUB-ACCOUNTS AND GUARANTEED INTEREST ACCOUNT The values and benefits of the GIA are not less than those required by the laws of the state where this contract is delivered.

  • GUARANTEED INTEREST ACCOUNT (GIA) This policy also contains a Guaranteed Interest Account (GIA) to which premium payments may be allocated.

  • GUARANTEED INTEREST ACCOUNT (GIA) This contract also contains a Guaranteed Interest Account (GIA) to which premium payments may be allocated.

  • THE PORTION OF YOUR POLICY VALUE THAT IS IN THE GUARANTEED INTEREST ACCOUNT WILL ACCUMULATE, AFTER DEDUCTIONS, AT RATES OF INTEREST WE DETERMINE.

  • Form 15208-95 TRANSFERS FROM THE GUARANTEED INTEREST ACCOUNT Once during the first 30 days of each Contract Year, you may transfer amounts from the Guaranteed Interest Account.

  • ICC15-MLOA-ILOpt Page 3 SECTION B – FLEXIBLE PREMIUM VARIABLE UNIVERSAL LIFE INSURANCE TRANSFERS FROM THE VARIABLE INVESTMENT OPTIONS TO SUPPLEMENT THE UNLOANED GUARANTEED INTEREST ACCOUNT (GIA) If you elect the Market Stabilizer Option, monthly deductions will be allocated 100% to the unloaned GIA on a Segment Start Date.

  • YOU MAY ALLOCATE THEM TO ONE OR MORE OF THE INVESTMENT ACCOUNTS AND TO THE GUARANTEED INTEREST ACCOUNT.

  • GUARANTEED INTEREST ACCOUNT - A guaranteed investment which invests mostly in private placement bonds, commercial mortgages, and residential mortgages.

  • SECTION 2.02 GUARANTEED INTEREST ACCOUNT Equitable maintains a Guaranteed Interest Account under the Contract for each Participant with respect to whom Contributions are made.

  • YOU MAY ALLOCATE THEM TO ONE OR MORE OF THE INVEST-MENT ACCOUNTS AND TO THE GUARANTEED INTEREST ACCOUNT.


More Definitions of GUARANTEED INTEREST ACCOUNT

GUARANTEED INTEREST ACCOUNT means an Account established by us which accumulates the payment of each Premium at rates not less than [2%] during the first [10] Contract Years, and [3%] thereafter, which we will determine and declare from time to time. We reserve the right to discontinue the availability of the Guaranteed Interest Account at any time prior to issuing a contract.
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GUARANTEED INTEREST ACCOUNT means the portion of the Guaranteed Interest Fund accumulated to the credit of the Policyholder or Member, as applicable.
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GUARANTEED INTEREST ACCOUNT. Provision The Separate Account 13 Guaranteed Interest Account Values 7 The Policy 13 Interest 7 Misstatement of Age 13 Incontestability 13 Policy Maintenance Charge 7 Changes 14 Section 72 14 Transfer Provisions Non-Alienation of Benefits 14 Transfers During the Accumulation Period 7 Reserves 14 Transfers During the Annuity Period 8 Non-Participating 14 Evidence of Survival 14 Withdrawal Provisions Proof of Age 14 Withdrawals 8 Reports 14 Withdrawal Charge 8 Taxes 14 Systematic Withdrawal Program 9 3% Life Income Table 15 Proceeds Payable on Death Provision Death Benefit Amount Prior to the 9 4% Life Income Table 16 Annuity Date Death of Owner Prior to the Annuity Date 9 5% Life Income Table 17 Death Benefit Options - Death of Owner 9 Prior to the Annuity Date Fixed Period Table 18 Death of Annuitant Prior to the Annuity Date 10 Death of Owner on or After the Annuity Date 10 Riders, if any Insert POLICY SCHEDULE ANNUITANT: JXXX XXX AGE AT ISSUE: 35 OWNER: JXXX XXX AGE AT ISSUE: 35 POLICY NUMBER: 1234567891 DATE OF ISSUE: ANNUITY DATE: 01/01/2047 POLICY MAINTENANCE CHARGE: $30 per Policy Year MORTALITY AND EXPENSE RISK CHARGE: 1.25% of the average daily net asset value of the Separate Account per Policy Year ADMINISTRATIVE CHARGE: .15% of the average daily net asset value of the Separate Account per Policy Year. This charge may be increased but the maximum charge will never be more than .25%.
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Related to GUARANTEED INTEREST ACCOUNT

  • GUARANTEED INTEREST RATE - The effective annual interest rate which we will credit for a specified Guarantee Period.

  • Guaranteed Interest Rate is the effective annual interest rate we will credit for a specified Guarantee Period. The Guaranteed Interest Rate will never be less than the minimum shown in the Schedule.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Capitalized Interest Account Initial Deposit means $1,733,333.78 deposited on the Closing Date.

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;

  • Principal and Interest Account The principal and interest account created by the Servicer pursuant to Section 8.08(a) hereof. The Principal and Interest Account shall be an Eligible Account.

  • Guaranteed loan means the loan in the original principal amount specified in Clause 4 of the Special Conditions made by the Guarantee Holder to the State-Owned Enterprise under the Loan Agreement and denominated in Guarantee Currency or, where the context may require, the amount thereof from time to time outstanding, the proceeds of which shall be applied to the Investment Project.

  • Bond and Interest Fund means the Bond and Interest Fund of the Issuer for its general obligation bonds.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Guaranteed Investment Contract With respect to any Series (or Class within such Series), a guaranteed investment contract or surety bond provided for in the related Series Supplement, Granted as part of the Trust or to the Trustee for the benefit of the Certificateholders for such Series, providing for the investment of funds in a related Account or related Accounts and insuring a minimum or a fixed rate of return on the investment of such funds, which contract or surety bond shall be an obligation of an insurance company or other entity whose rating is no lower than the rating on the Underlying Securities and shall satisfy any other requirements specified in such Series Supplement.

  • Guaranteed Distributions and "Term of this Policy" shall have the meanings set forth in Endorsement No. 1 hereto. This Policy sets forth in full the undertaking of Financial Security, and shall not be modified, altered or affected by any other agreement or instrument, including any modification or amendment thereto. Except to the extent expressly modified by an endorsement hereto, the premiums paid in respect of this Policy are nonrefundable for any reason whatsoever. This Policy may not be canceled or revoked during the Term of this Policy. An acceleration payment shall not be due under this Policy unless such acceleration is at the sole option of Financial Security. THIS POLICY IS NOT COVERED BY THE PROPERTY/CASUALTY INSURANCE SECURITY FUND SPECIFIED IN ARTICLE 76 OF THE NEW YORK INSURANCE LAW. In witness whereof, FINANCIAL SECURITY ASSURANCE INC. has caused this Policy to be executed on its behalf by its Authorized Officer. FINANCIAL SECURITY ASSURANCE INC. By__________________________________ AUTHORIZED OFFICER A subsidiary of Financial Security Assurance Holdings Ltd. 350 Park Avenux, Xxx Xxxx, X.X. 00000-0000 (212) 826-0100 Xxxx 000XX (0/89) ENDORSEMENT NO. 1 TO FINANCIAL GUARANTY INSURANCE POLICY FINANCIAL SECURITY 350 Park Avenux XXXXXXXXX XXX. New York, New Xxxx 00000 XXXXX: The Trust created by the Pooling and Servicing Agreement, dated as of September 1, 2002 among Credit Suisse First Boston Mortgage Securities Corp. as Depositor, DLJ Mortgage Capital, Inc., as Seller, Wilshire Credit Corporation, as Servicer, Washington Mutual Bank, FA as a servicer, Ocwen Federal Bank FSB, as Servicer, and JPMorgan Chase Bank, as Trustee CERTIFICATES: $90,250,000 Home Equity Mortgage Trust 2002-3 Home Equity Mortgage Pass- Through Certificates, Series 2002-3, Class A-1 Certificates and Class A-3 Certificates Policy No.: [51323-N] Date of Issuance: September 26, 2002

  • Note Account As defined in the Indenture.

  • Supplemental Interest Account As defined in Section 4.07 hereof.

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

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

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).

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

  • Guaranteed Amounts means the amounts due from time to time from the Issuer to (i) the Covered Bondholders with respect to each Series of Covered Bonds (excluding any additional amounts payable to the Covered Bondholders under Condition 9(a) (Gross-up by the Issuer)) and (ii) the Other Issuer Creditors pursuant to the relevant Transaction Documents.

  • Guaranteed Payment for each Class of Notes and any Payment Date means the sum of (i) the related Guaranteed Principal Payment Amount plus (ii) the related Aggregate Investor Interest for the Payment Date.

  • Guarantor Payment Date means (a) prior to the delivery of a Guarantor Default Notice, the date falling on the 10th day of February, May, August and November of each year or, if such day is not a Business Day, the immediately following Business Day, provided that the fist Guarantor Payment Date will be 10 February 2014; and (b) following the delivery of a Guarantor Default Notice, any day on which any payment is required to be made by the Representative of the Covered Bondholders in accordance with the Post-Enforcement Priority of Payments, the relevant Final Terms and the Intercreditor Agreement.

  • Subordinated Intercompany Note means the Intercompany Subordinated Note, dated as of the Agreement Date, by and among Holdings, the Borrower and each Restricted Subsidiary of Holdings from time to time party thereto.

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

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Guaranteed Indebtedness means, as to any Person, any obligation of such Person guaranteeing, providing comfort or otherwise supporting any Indebtedness, lease, dividend, or other obligation (“primary obligation”) of any other Person (the “primary obligor”) in any manner, including any obligation or arrangement of such Person to (a) purchase or repurchase any such primary obligation, (b) advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet condition of the primary obligor, (c) purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation, (d) protect the beneficiary of such arrangement from loss (other than product warranties given in the ordinary course of business) or (e) indemnify the owner of such primary obligation against loss in respect thereof. The amount of any Guaranteed Indebtedness at any time shall be deemed to be an amount equal to the lesser at such time of (x) the stated or determinable amount of the primary obligation in respect of which such Guaranteed Indebtedness is incurred and (y) the maximum amount for which such Person may be liable pursuant to the terms of the instrument embodying such Guaranteed Indebtedness, or, if not stated or determinable, the maximum reasonably anticipated liability (assuming full performance) in respect thereof.