opening an account definition

opening an account means establishing a business relationship with a bank to operate a current account, a deposit account, a savings account or a loan account, or any other obligation arising out of the contractual rela- tionship between a bank and a customer and includes buying and selling of foreign currency to a customer by a bank, transmission of money and investment of funds;
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opening an account in the AMLD means entering a relationship to operate current, deposit, savings and loan accounts, and includes investments and money transmission. When opening accounts for individuals, regulated entities must:
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Related to opening an account

  • Account Opening / Investment Account Opening Form means standardized form prescribed by the Management Company to be duly filled by the investors at the time of opening an account with the Fund.

  • Opening Date means the day on which we first authorize the opening of the facilities, Guest Rooms or services of the Hotel to the general public under the Brand.

  • Account Opening Form means standardized form prescribed by the management Company to be duly filled by the investors at the time of opening an account with the Fund.

  • Bid Opening Date means the date the Bid is opened by the City.

  • New Account means each charge account established pursuant to an Account Agreement between Centurion and any Person, which account is designated pursuant to Subsection 2.03(a) to be included as an Account and identified on an Account Schedule delivered pursuant to Sections 2.01 and 2.03.

  • Initial Account has the meaning specified in the Transfer Agreement.

  • Account Opening Application Form means the application form/questionnaire completed by the Client, on-line on the Company’s Website and/or mobile application(s) and/or in hard copy, in order to apply for the Company’s Services under the Agreement and a Client Account, via which form/questionnaire the Company will obtain amongst other things information for the Client’s identification and due diligence, financial profile and appropriateness in accordance with the Applicable Regulations.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • opening of business means 9:00 a.m. (New York City time).

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Clearing System Business Day means in relation to an Index, any day on which the principal domestic clearing systems customarily used for settling trades in securities comprising such Index is (or, but for the occurrence of an event beyond the control of the Company or the Hedging Counterparty as a result of which such clearing system cannot clear the transfer of such securities, would have been) open for the acceptance and execution of settlement instructions.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

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

  • Opening Average Share Value means the average, over the trading days in the Opening Average Period, of the closing price of a company’s stock multiplied by the Accumulated Shares for each trading day during the Opening Average Period.

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

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

  • Primary Account or “Settlement Account” shall mean, in case of multiple Accounts linked to the ATM/Debit Card, the Account that has been designated as being the main/first Account of operation i.e. the Account from which purchase transactions, charges and fees related to the ATM/Debit Card are debited.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • the We Love Manchester Emergency Fund means the registered charity of that name (number 1173260) established on 30th May 2017;

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Deactivation Date means the date a generating unit within the PJM Region is either retired or mothballed and ceases to operate.

  • 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.

  • Income Account Record Date means the "Record Dates" set forth in the "Essential Information" in the Prospectus.

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.