Minor Account definition

Minor Account means any Subject Deposit Account or Subject Securities Account the average weekly balance of which (i) when combined with the average weekly balance of all other Minor Accounts, shall not exceed $2,000,000 and (ii) does not, individually, exceed $500,000.
Sample 1Sample 2
Minor Account means the account of a Minor Customer.
Sample 1
Minor Account means the account holder with age of 12 and before age of 18 in calendar month.
Sample 1

Examples of Minor Account in a sentence

  • Any Owner of a Single Party, Joint or Multiple Party with Right of Survivorship, Payable on Death, or Minor Account may close the Account at any time.

  • The Bank will accept instructions to operate an account from the Account Holder (or in the case of Minor Account Holders, individual/s holding the account on the Minor’s behalf), persons holding an applicable Power of Attorney and/or Per Pro Signatory Authorities.

  • A Uniform Transfer to Minor Account (UTTMA) is an individual account established by a member as a custodian on behalf of a minor (a person under twenty-one (21) years of age).

  • If you close your Minor Account before dividends are paid, you will not receive the accrued dividends.

  • The Bank shall be entitled to act on the Instructions received from the guardian named on the Account Opening Form of a Minor's Account, until the Minor Account holder ceases to be aminor.

  • A Uniform Transfer to Minor Account (UTMA) is an individual account established in accordance with Oregon law by a member as a custodian on behalf of a minor (a person under twenty-one (21) years of age).

  • In case of Minor Account, guardian should complete this form on behalf of account holder i.e. Minor.This form will remain valid unless there is a change in circumstances relating to information, such as the account holder’s tax status or other information that makes this form incorrect or incomplete.

  • The Credit Uniform Transfers/Gifts to Minors: A Uniform Transfer to Minor Account (“UTMA”) or Uniform Gifts to Minors Act (“UGMA”): A Uniform Transfer/Gifts to Minor Account (UTMA/UGMA) is an individual account established by a custodian by depositing funds as an irrevocable gift to a minor.

  • The Bank shall be entitled to act on the Instructions received from the guardian named on the Account Opening Form of a Minor's Account, until the Minor Account holder ceases to be a minor.

  • For Minor Applicants, to facilitate the processing of redemption requests, Investors are advised to ensure that the Guardian to the Minor Account / Folio and to the Bank Account - as provided are one and the same person.


More Definitions of Minor Account

Minor Account means a Seghaar or Youth account opened by the Bank at the request of the Grantor for the benefit of the Minor.
Sample 1

Related to Minor Account

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Regular account means the account established for each active and inactive member un-

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

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

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Holding Account means an account:

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.