POSB CDA definition

POSB CDA means a POSB Child Development Account or any other account opened with POSB pursuant to the Child Development Co-Savings Scheme.
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Examples of POSB CDA in a sentence

  • Such payment shall be treated as a full discharge of our obligations in respect of the POSB CDA.

  • However, we will not be liable if withdrawals from the POSB CDA are utilised other than for payment of Approved Expenses.

  • We shall upon the instructions of the Government and without prior notice to you, close the POSB CDA and transfer the balance standing to the credit of the POSB CDA together with any interest thereon to a designated account opened in the name of the Ministry of Education or such other bank account as the Government may direct.

  • Withdrawals from the POSB CDA may only be made for the payment of Approved Expenses.

  • The POSB CDA shall remain open until we receive instructions from the Government to close the POSB CDA.

  • We shall upon receipt of instructions from the Government, replace the existing Trustee of a POSB CDA (“Existing Trustee”) with another person as the Government may direct (“New Trustee”).

  • We are not bound to honour any withdrawal request if there are insufficient funds in the POSB CDA.

  • You may also arrange for funds to be deposited into the POSB CDA through such other means as we may permit from time to time.

  • We will close the POSB CDA and pay the balance standing to the credit of the POSB CDA together with any interest to the Government or any person nominated by the Government upon receiving notification of a Member’s death from the Government.

  • You shall operate the POSB CDA using such Electronic Services as we may stipulate subject to our terms and conditions.

Related to POSB CDA

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  • OWRA means the Ontario Water Resources Act, R.S.O. 1990, c. O.40, as amended;

  • POPIA means the Protection of Personal Information Act, No 4 of 2013;

  • TLR means the NERC Transmission Loading Relief Procedures used in the Eastern Interconnection as specified in NERC Operating Policies.

  • Dyslexia means a disorder of constitutional origin manifested by a difficulty in learning to read, write, or spell, despite conventional instruction, adequate intelligence, and sociocultural opportunity.

  • DP means Delivery Period