Qualifying Balance definition

Qualifying Balance means the minimum balance required to open and operate the Account and receive interest at the rate and tier specified;
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Qualifying Balance means the average daily balance of funds in the Junior Savers Account during the Qualifying Claim Period as calculated by aggregating the Average Daily Balance for each month of the Qualifying Claim Period and dividing the aggregated total by the number of months in that Period.
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Qualifying Balance means the minimum balance required to open the Account;
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Examples of Qualifying Balance in a sentence

  • No Qualifying Balance is entitled for rebalancing in respect of the switching out of the Fund.

  • Hence, starting on 1 May of Year 2, the Qualifying Balance will also be adjusted proportionally with the amount being deducted from the Actual Balance.

  • The Qualifying Balance is a notional balance representing the amount credited or debited to a sub-account of a Member Account relating to the Fund increased by the guaranteed rate of return (“GRR”) of 1.35% p.a. on a daily basis on each Dealing Day.

  • Since the Qualifying Balance is greater than the Actual Balance in respect of ERMC as well as EEMC and the withdrawal satisfies the Qualifying Condition, the Qualifying Balance will therefore be paid to Member A, i.e. Withdrawal Benefit = HK$42,359.46 (being the sum of the Qualifying Balance in total up to 30 April of Year 2 for ERMC and EEMC).

  • The reduction in Qualifying Balance will be HK$21,179.73 (being the Qualifying Balance up to 30 April of Year 2 HK$42,359.46 - (42,359.46 x 21,000 / 42,000)).

  • Since the Qualifying Period meets the Qualifying Condition and the Qualifying Balance is greater than the Actual Balance in respect of ERMC as well as EEMC, the Transfer Benefit will then be HK$42,359.46 (being the sum of the Qualifying Balance in total up to 30 April of Year 2 for ERMC and EEMC).

  • Since the Actual Balance is greater than the Qualifying Balance in respect of ERMC as well as EEMC, the Actual Balance will therefore be paid to Member A, i.e. Withdrawal Benefit = HK$44,000 (being the sum of Actual Balance as of 1 May of Year 2 for ERMC and EEMC).

  • Note: Apart from “retirement”, other statutory grounds for withdrawal as stipulated in section 15 of the Ordinance (also the Qualifying Conditions) are also applicable for receiving the greater of Actual Balance verses Qualifying Balance for the Withdrawal Benefit, and regardless if the investment in the Fund satisfies the Qualifying Period (i.e. 36 completed months).

  • On the other hand, since part of the Fund has not been switched out in view of the rebalancing instruction, the corresponding part of the Qualifying Balance will be retained and the Qualifying Period will not be affected.

  • As an illustration, if your Unlimited Card statement is dated 15th July, the Qualifying Balance in your Unlimited$aver account is considered based on the average daily balance (“ADB”) for the preceding month, i.e. 1st June to 30th June.


More Definitions of Qualifying Balance

Qualifying Balance means the minimum balance required to open and operate the Account.
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Qualifying Balance means the balance due to a qualifying depositor or formal beneficiary account holder for an account;
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Qualifying Balance means the minimum balance required
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Related to Qualifying Balance

  • Outstanding Balance of any Receivable at any time means the then outstanding principal balance thereof.

  • Qualifying week means the 15th week before the expected week of childbirth.

  • Cash Balance means, at any date of determination, the unencumbered and otherwise unrestricted cash and Cash Equivalents of the NCLC Group.

  • default value means a value derived from a typical value by the application of pre-determined factors and that may, in circumstances specified in this Directive, be used in place of an actual value;’;

  • Debit Balance means, as of any date, the dollar amount, if any, representing the accrued aggregate Annual Charge not deducted from the Liquid Balance.

  • Qualifying Asset in relation to any Project Financing means:

  • (1) ELIGIBLE ENTITY.—The term eligible entity’ means—

  • Minimum Cash Balance means $10,000,000 minus (i) $500,000,(ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Covered Amount means, for any Distribution Date with respect to the Controlled Accumulation Period or the first Special Payment Date, if such Special Payment Date occurs prior to the date the Class A Invested Amount is paid in full, an amount equal to the sum of (x) with respect to the Class A Certificates, the product of (i) the Class A Certificate Rate, (ii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date to but excluding the then current Distribution Date and the denominator of which is 360 and, (iii) the Principal Funding Account Balance, if any, as of the preceding Distribution Date that is allocable to the principal of the Class A Certificates and (y) with respect to the Class B Certificates, the product of (i) the Class B Certificate Rate, (ii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date to but excluding the then current Distribution Date and the denominator of which is 360 and (iii) the Principal Funding Account Balance, if any, as of the preceding Distribution Date that is allocable to the principal of the Class B Certificates.

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • Cash Balances means cash in hand or credited to any account with a financial institution and securities which are readily convertible into cash;

  • Qualifying tax rate means the applicable tax rate for the taxable year for the which the taxpayer paid income tax to a municipal corporation with respect to any portion of the total amount of compensation the payment of which is deferred pursuant to a nonqualified deferred compensation plan. If different tax rates applied for different taxable years, then the “qualifying tax rate” is a weighted average of those different tax rates. The weighted average shall be based upon the tax paid to the municipal corporation each year with respect to the nonqualified deferred compensation plan.

  • Qualifying investment means a capital investment in real property including the purchase price of land and existing buildings and structures, site preparation, improvements to the real property, building construction, and long-term lease costs. “Qualifying investment” also means a capital investment in depreciable assets.

  • Qualifying year means the calendar year to which the qualifying certificate applies.