Match Amount definition

Match Amount has the meaning ascribed to it in Section 4.4 herein;
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Match Amount means the amount funded by Public Investing and applied to a Customer’s Public IRA Account subject to the terms and conditions set forth herein.
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Examples of Match Amount in a sentence

  • The Match Amount is calculated based on 1% of the total of the transferred cash plus transferred securities, using the national market system closing price of each position transferred into the account on the trading day before when the transfer settles.

  • If a Customer has received a Match Amount for an Eligible Deposit, then any removal of funds or securities from the Customer’s Public IRA Account during the Match Amount’s Holding Period will result in a non-taxable fee (“Early Removal Fee”) being applied to the Customer’s Public IRA Account as payment for services from Public Investing.

  • The Match Amount will be credited to the Customer’s Public IRA Account within approximately seven (7) business days after the Settlement Date, though this timeline may be delayed in Public Investing’s sole discretion if, by way of example and not limitation, Public Investing determines that there are indications of fraud, unauthorized activity, and/or a violation of the IRA Agreement or this Agreement.

  • The Early Removal Fee shall be an amount equal to the corresponding Match Amount that would be received for the amount removed.

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