Specified Account Balance definition

Specified Account Balance means the balance to be transferred by the Participant to the Reclaim Fund and one or more Eligible Charities in respect of a Specified Account;

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Specified Account Balance means, at any time, the aggregate Dollar amount of all cash on deposit in the Specified Account.

Examples of Specified Account Balance in a sentence

• The Participant shall make such election in each Specified Account Balance Certificate without affecting any election made for balances covered by previous certificates.

• The annual rate of interest that is to be applied by the Participant separately to each of the Category 2 Accounts and each of the Category 3 Accounts in a Specified Account Balance Certificate shall, at the Participant's election, be either a fixed or a variable rate for each category.

• BALANCE CERTIFICATE‌ The annual rate of interest that is to be applied by the Participant separately to each of the Category 2 Accounts and each of the Category 3 Accounts in a Specified Account Balance Certificate shall, at the Participant's election, be either a fixed or a variable rate for each category.