Parent Account definition

Parent Account means any bank, brokerage or similar account owned by Parent or any other member of the Parent Group.
Parent Account means any bank, brokerage or similar account owned by Parent or any other member of the Parent Group, including the Parent Accounts listed or described on Schedule XI.
Parent Account means an Account that sweeps funds automatically to a Balance Account based on the Sweep Balance in the Balance Account.

Examples of Parent Account in a sentence

  • Paynetics is not a bank, hence neither the Parent Account, nor the Associated Account are bank accounts.

  • The value stored on the Parent Account is electronic money, otherwise referred to as ‘e-money’.

  • Paynetics also reserves the right to collect such fees directly from your Parent Account balance.

  • Alternatively, you can choose the Pay as you go Plan, where specific features may not be available and the fees that will be charged to You when you load your Woli Parent Account will be higher than the ones that apply to the Basic Plan.

  • The Card is a debit card linked to the Parent Account via the Associated Account, it is not a credit or charge card.


More Definitions of Parent Account

Parent Account means the GoHenry parent e-money account.
Parent Account means the gohenry parent electronic money account.
Parent Account. The parent account as so designated in the Working Cash Sweep Agreement and referred to in the Working Cash Sweep Agreement and Trust Agreement as the Account.
Parent Account means the segregated account of the Parent established and maintained with The Bank of New York Mellon pursuant to the terms of the Parent Custody Agreement.
Parent Account means the account established by Safe Food Pro for the use of the Solution by you and your Authorised Users.
Parent Account has the meaning set forth in Section 2.3.
Parent Account or “Account” means an e-money account in EUR opened and maintained for you by Paynetics under this Agreement, which is used for loading of Cards. The Parent Account is enabled for incoming transfers, for loading of Cards, and it can be used for making and receiving transfers to or from other Parent Accounts in the Woli Mobile App, i.e., within the Paynetics system only, and if provided for hereinbelow, may be allocated International Bank Account Number (IBAN). Parent Account cannot be used for outgoing transfers to non-Paynetics accounts that are opened with another payment services providers.