Examples of Pledged Deposit Account in a sentence
Accordingly, the interest rate and annual percentage yield on the Pledged Deposit Account are both 0.00% for the entire life of the Pledged Deposit Account.
The Deposit Bank will exclusively control the Pledged Deposit Account, including the management of any funds deposited after the effective date of this Agreement, without further consent by you.
You hereby appoint us your agent and attorney-in-fact to open the Pledged Deposit Account, maintain records, and deliver disclosures for the Pledged Deposit Account, and to initiate all actions associated with the Pledged Deposit Account.
You agree to sign any documents that we may request throughout the lifetime of your Account to confirm the creation of the Pledged Deposit Account and our security interest in the Pledged Collateral.
We will close the Pledged Deposit Account after your credit privileges are terminated and all amounts owed to us are repaid in full and return to you any Deposit Funds that remain.