Money on deposit definition

Money on deposit means money, whether actually within or without this state, having a
Money on deposit means money, whether actually within or without this state, having a business, commercial or taxable situs in this state, without deduction for any indebtedness or liabilities of the taxpayer, and includes but is not limited to:

Examples of Money on deposit in a sentence

  • Money on deposit in the Principal Account shall be applied by the Trustee to pay principal on the Bonds as it becomes due (whether at maturity or by operation of the mandatory sinking fund redemption).

  • Money on deposit in the Interest Account shall be applied by the Trustee to pay interest on the Bonds as it becomes due.

  • Money on deposit in the Project Fund and all interest, and income derived therefrom shall be used only for the purposes set forth in Section 3 of this Ordinance and to pay costs of issuance.

  • Money on deposit may be in a bank, savings and loan, credit union, or other financial institution.

  • However, if Buyer elects to bring an action for monetary damages, they shall be specifically limited, if proven, to an amount equal to the Xxxxxxx Money on deposit as set forth hereinabove.

  • Money on deposit in the Finance Authority Debt Service Account established by the Finance Authority for the Governmental Unit may be invested by the Finance Authority in Permitted Investments at the discretion of the Finance Authority.

  • However, if Buyer elects to bring an action for monetary damages, they shall be specifically limited, if proven, to an amount equal to the Earnest Money on deposit as set fxxxx xxreinabove.

  • However, if Buyer elects to bring an action for monetary damages, they shall be specifically limited, if proven, to an amount equal to the Earnest Money on deposit as set forxx xxxxinabove.

  • Money on deposit in a bank, savings and loan, credit union, or other financial institution must be considered a countable resource.

  • Money on deposit includes checking accounts, savings accounts, certificates of deposit, retirement accounts, etc.Jointly Held Bank Accounts With Non-SSI Recipients When a Medicaid client has a bank account with a non-SSI person, ownership of the jointly held bank account must be determined prior to determining whether it is a resource to the client.

Related to Money on deposit

  • Sums on deposit means the balance payable on a multiple-party account including interest, dividends, and in addition any deposit life insurance proceeds added to the account by reason of the death of a party.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Bid Deposit means a financial guarantee to ensure the successful bidder will enter into an agreement.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Common Depository has the meaning specified in Section 304(b).

  • the Deposit means 10% of the Purchase Price;

  • special deposit means a deposit held other than at call on behalf of the Crown, or any local authority within the meaning of the Local Government Act 1974;

  • Deposit means a deposit as defined in 12 U.S.C. Section 1813(l), including without limitation, outstanding cashier's checks and other official checks and all uncollected items included in the depositors' balances and credited on the books and records of the Failed Bank; provided, that the term "Deposit" shall not include all or any portion of those deposit balances which, in the discretion of the Receiver or the Corporation, (i) may be required to satisfy it for any liquidated or contingent liability of any depositor arising from an unauthorized or unlawful transaction, or (ii) may be needed to provide payment of any liability of any depositor to the Failed Bank or the Receiver, including the liability of any depositor as a director or officer of the Failed Bank, whether or not the amount of the liability is or can be determined as of Bank Closing.

  • Spread Account Initial Deposit means an amount equal to 3% of the aggregate principal balance of the Receivables on the Closing Date (which is equal to $26,373,696.22).

  • Fund Deposit means the deposit of funds transferred by the Client or the Client's Authorized person and credited to the Company Account for transfer to the Client's Account.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Escrow Deposit has the meaning set forth in Section 2.1.

  • REO Account The account or accounts maintained by the Master Servicer in respect of an REO Property pursuant to Section 3.23.

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Qualifying Deposit means the aggregate balance of all Deposit Accounts in the Bank of (i) an Eligible Account Holder at the close of business on the Eligibility Record Date, provided such aggregate balance is not less than $50 and (ii) a Supplemental Eligible Account Holder at the close of business on the Supplemental Eligibility Record Date, provided such aggregate balance is not less than $50.

  • Initial Reserve Account Deposit means $3,250,000.

  • Holding Account means an account:

  • Direct Account : means any Account which is not an ISA Account.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Eligible Investments Any one or more of the following obligations or securities:

  • Applicable Depositary Procedures means, with respect to any transfer or transaction involving a Global Security or beneficial interest therein, the rules and procedures of the Depositary for such Security, in each case to the extent applicable to such transaction and as in effect from time to time.