orphan account definition

orphan account means an active customer account for which there is no apparent link to underlying KYC documentation either because the account was opened without the proper collection of KYC information or where Deutsche Bank has been unable to locate that information;
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Related to orphan account

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

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Medical savings account means an account exempt from federal income taxation pursuant to Section 220 of the United States Internal Revenue Code (26 U.S.C. § 220).

  • 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.