pooled trust account definition
pooled trust account means a bank account maintained by a brokerage to deposit, hold and disburse money received on behalf of more than one client or several accounts for the same client;
pooled trust account means an interest-bearing trust account required to be maintained for one or more clients at an financial institution and designated as a trust account in the name of the law firm;
pooled trust account means an interest-bearing chequing account opened at a financial institution by a firm into which money received is deposited or held for the benefit of a number of clients as referred to in subsection 78(1) of the Act;
More Definitions of pooled trust account
pooled trust account means an interest-bearing chequing account opened at a savings institution by a member for the benefit of a number of clients;
pooled trust account means an interest-bearing trust account required to be maintained for one or more clients at an approved depository pursuant to section 126(1) of the Act and designated as a trust account in the name of the law firm;