Received and deposited definition

Received and deposited means that good funds are in the
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Received and deposited means that good funds are in the possession of an employee or representative of the trustee and a record of receipt has been entered on the books of the trustee, but only if the funds are actually delivered for deposit to the financial institution in a timely manner, which shall not exceed three (3) business days as defined in Federal Reserve Board Regulations CC, 12 CFE Part 229 after the funds are received. If a trustee agrees to postponement of deposit for a period of time longer than three (3) days after the date the funds are received,
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Received and deposited means that good funds are in the possession of an employee or representative of the settlement agency and a record of receipt has been entered on the books of the settlement agency, but only if the funds are actually delivered for deposit to an escrow account at the financial institution in a
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More Definitions of Received and deposited

Received and deposited means the funds are actually delivered to the financial institution where the uncertified funds were deposited so that said funds are available for use by the title insurance company, agent, direct operation or escrow officer. The turn around time from deposit of customer’s uncertified funds to availability of funds “shall not exceed three business days” as defined in Federal Reserve Board Regulation CC, 12 C.F.R., Part 229.
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Received and deposited means that good funds are in the possession of an employee or representative of the settlement agency and a record of receipt has been entered on the books of the settlement agency, but only if the funds are actually delivered for deposit to an escrow account at the financial institution in a timely manner, which shall not exceed three (3) business days as defined in Federal Reserve Board Regulations at CC, 12 CFE, Part 229, after the funds are received. If a settlement agent agrees to postponement of deposit for a period of time longer than three (3) business days after the date the funds are received, then the funds shall be deposited not later than the date set out in the written
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Related to Received and deposited

  • the Principal Act means the Light Railways Act 1896;

  • Direct Account : means any Account which is not an ISA Account.

  • Fund Deposit means the deposit of funds transferred by the Client or the Client's Authorized person and credited to the Company Account for transfer to the Client's Account.

  • Principal Accumulation Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Accumulation Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).