Payroll Deposits definition

Payroll Deposits means funds collected and held or invested by the Borrower or its Subsidiaries in connection with their payroll processing business pursuant to contracts with customers.

Examples of Payroll Deposits in a sentence

  • Each Orchestra Musician will be required to complete an Authorization Agreement for Automatic Payroll Deposits each season.

  • I wish to cancel my previous authorization for Automatic Payroll Deposits.