Maximum account value definition
Maximum account value means the dollar amount 35
Maximum account value means the dollar amount calculated by the Ohio tuition trust authority pursuant to sections 3334.01 to 3334.21 of the Revised Code as the maximum amount that may be necessary to pay for the qualified higher education expenses of a beneficiary under those sections, consistent with the maximum contributions permitted under section 529 of the Internal Revenue Code.
Maximum account value or “MAV” means any of the values identified in Schedule B and used in the calculations describing any of the GMDB Types.
More Definitions of Maximum account value
Maximum account value means the amount calculated by the authority as the maximum amount that may be necessary to pay for the qualified higher education expenses of the designated beneficiary, consistent with the maximum contributions permitted under section 529 of the Internal Revenue Code.