Maximum account value definition

Maximum account value means the dollar amount 35
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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.
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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.
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Examples of Maximum account value in a sentence

  • Maximum contribution limit” "Maximum account value" means the amount determined by the authority that is necessary to pay the qualified higher education expenses of the designated beneficiary.

  • The documentation does not have to be a specific form, but it must include:• Name on the account• Account number• Name and address of the foreign financial institution• Type of account• Maximum account value during the yearFailure to follow the FBAR rules will result in penalties of thousands of dollars, up to 50% of your foreign account balance.


More Definitions of Maximum account value

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.
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Related to Maximum account value

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

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

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.

  • Covered Amount means, for any Distribution Date with respect to the Controlled Accumulation Period or the first Special Payment Date, if such Special Payment Date occurs prior to the date the Class A Invested Amount is paid in full, an amount equal to the sum of (x) with respect to the Class A Certificates, the product of (i) the Class A Certificate Rate, (ii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date to but excluding the then current Distribution Date and the denominator of which is 360 and, (iii) the Principal Funding Account Balance, if any, as of the preceding Distribution Date that is allocable to the principal of the Class A Certificates and (y) with respect to the Class B Certificates, the product of (i) the Class B Certificate Rate, (ii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date to but excluding the then current Distribution Date and the denominator of which is 360 and (iii) the Principal Funding Account Balance, if any, as of the preceding Distribution Date that is allocable to the principal of the Class B Certificates.

  • Average Contract Value means the higher of (inclusive of carbon tax but exclusive of goods and services tax) the (i) average of the total amount payable by the Consumer to the Retailer based on the average electricity consumption of three (3) months (before the date of termination) or (ii) the total amount payable by the Consumer to the Retailer based on the Declared Monthly Consumption.

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to: