Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.
Individual development account means a contract between an account holder and a
Individual development account or “IDA” means an investment account which has the characteristics described in Iowa Code section 541A.2 and is operated by the operating organization.
Examples of Individual development account in a sentence
All AFI projects have three central elements: Individual development account.
Individual development account (IDA) -- A state-established account for deposits by a recipient of temporary cash assistance and any matching funds from employers or other community organizations to be used for specific purposes.
All AFI projects have three central elements: ■ Individual development account.
Individual development account investment credit for qualified financial institutions.’’.
More Definitions of Individual development account
Individual development account means a trust account funded through periodic contributions by a recipient and matched by or through a not-for-profit organization organized under Section 501(c)(3), Internal Revenue Code.
Individual development account or "account" means an account established by contract between a low-income individual and a sponsoring organization for the benefit of the low-income individual and funded through periodic contributions by the low-income individual that are matched with contributions by or through the sponsoring organization.
Individual development account means a matched savings account opened by a household participating in the North Dakota individual development account program.
Individual development account means either of the following:
Individual development account or “IDA” means “individual development account” as defined in section 31-51ww of the Connecticut General Statutes;
Individual development account means an account established
Individual development account means an account established pursuant to 42 U.S.C. s.604(h) and 45 C.F.R. Part 263 (45 C.F.R. s.263.0 et seq.) in trust for an eligible individual that is a trust account pursuant to the "Multiple-party Deposit Account Act," P.L.1979, c.491 (C.17:16I-1 et seq.).