Passbook savings account definition

Passbook savings account means a savings account in which the consumer retains a book or other document in which the institution records trans- actions on the account.
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Passbook savings account means asavings account in which the consumer retains a book or other document inwhich the institution records transactions on the account.
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Examples of Passbook savings account in a sentence

  • Authorized investments include: • Securities of the U.S. government or its agencies• Certificates of Deposit (or time deposits) placed with commercial banks and/or savings and loan associations• Bankers Acceptances• State Treasurer’s Local Agency Investment Fund (LAIF)• Passbook savings account demand deposits• Small Business Administration Loans• Other products which are totally guaranteed and insured by the U.S government.

  • Authorized investments include:  Securities of the U.S. government or its agencies Certificates of Deposit (or time deposits) placed with commercial banks and/or savings and loan associations Bankers Acceptances State Treasurer’s Local Agency Investment Fund (LAIF) Passbook savings account demand deposits Small Business Administration Loans Other products which are totally guaranteed and insured by the U.S government.

  • You may designate a Passbook savings account or a Certificate of Deposit as "View Only" accounts.

  • For purposes of the account disclosures in section 230.4(b)(1)(i), the interest rate may, but need not, be referred to as the “annual percentage rate” in addition to being referred to as the “interest rate.” Passbook savings account (§ 230.2(p))A passbook savings account is a savings account in which the consumer retains a book or other document in which the institution records transactions on the account.

  • Passbook savings account holders can easily deposit money and earn interest income, but their access to their deposits is limited and they cannot use checks to reduce transaction costs.

  • Passbook savings account (+10.4%) in the individual customer market segment and term accounts for professional and corporate customers (+13.8%) all made a significant contribution to this development.

  • Passbook savings account holders can easily deposit money and earn interest income.

  • Passbook savings account holders can easily deposit money and earn interest income.Management Information System: For any financial institution, efficient management of financial data is a crucial task.

  • Cash and Investments (continued)  State Treasurer’s Local Agency Investment Fund (LAIF) Passbook savings account demand deposits Small Business Administration Loans Other products which are totally guaranteed and insured by the U.S government.

  • The team focussed on the key drivers for BW as if they were direct employees and achieved the project goals of time, cost and performance, as well as satisfying the community and environmental stakeholders.

Related to Passbook savings account

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • 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.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Earnings Account means, in relation to a Ship, an account in the name of the Borrower owning that Ship with the Account Bank designated as the Earnings Account for that Ship, or any other account (with the Account Bank or the Agent or with another bank or financial institution acceptable to the Majority Lenders) for the purpose of receiving all charter hire and other amounts paid under the relevant Time Charter;

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

  • Investment Account As defined in Section 3.12(a).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

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

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Note Account As defined in the Indenture.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

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

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

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

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

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