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on account of definition

on account of and "statement of account," means a right to payment of a monetary
on account of means directly or indirectly arising out of, resulting from, connected with, based upon or in any manner related to, in the past, or at present, the subject to which that phrase refers.
on account of. [name of Borrower] BENEFICIARY: [name of Beneficiary] AMOUNT: Maximum limit of liability [figure] EXPIRY DATE: [#] AVAILABLE AT: [National Australia Bank Limited. [address]/BNZ]

More Definitions of on account of

on account of means “because of.”

Related to on account of

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

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

  • Funding Account has the meaning assigned to such term in Section 4.01(h).