Restricted Funds definition
Examples of Restricted Funds in a sentence
Should the effect of such withdrawals cause a Restricted Fund to exceed its threshold, the divisions from which the withdrawals are processed may be adjusted to assure that the percentage of Accumulation Value in the Restricted Funds does not increase.
Systematic withdrawals, while the Contract has investments in Restricted Funds, if not withdrawn prorata from all divisions, shall be monitored annually to assure threshold compliance.
CAP ---------- The Dollar Cap is the dollar amount at which no further Accumulation Value may be added to Restricted Funds.
ALLOCATION THRESHOLD -------------------- Allocations into a Restricted Fund are limited to that amount such that the Accumulation Value in that Restricted Fund after such allocation does not exceed the threshold for that division and does not cause the Contract's total limit on allocation to Restricted Funds to be exceeded.
The Dollar Cap is the dollar amount at which no further Accumulation Value may be added to Restricted Funds.