Transit Account definition

Transit Account means an Account opened for an NSD Payment System Participant (being a Russian resident non-credit institution) concurrently with an Account in a foreign currency for the purpose of crediting, in full, any amounts received in the foreign currency in favour of the NSD Payment Participant, as required by the currency legislation of the Russian Federation;
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Transit Account means a designated bare trust account opened and maintained by us in BSNL’s name on behalf of our clients generally, including you, as beneficiaries, with the Transit Account Provider, for the purposes of holding funds immediately following their withdrawal from Deposit Accounts but prior to their being used to acquire Electronic Money;
Sample 1
Transit Account is defined in Clause 6.2(d) .
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Examples of Transit Account in a sentence

  • The State shall charge, at a minimum, a fair market value for the sale, lease, or use of real property acquired with Federal assistance from the Highway Trust Fund (other than the Mass Transit Account) for the non-transportation purposes and shall use such income for projects eligible under 23 USC.

  • For highway projects, recipients shall charge, at a minimum, a fair market value for the sale, lease, or use of real property acquired with Federal assistance from the Highway Trust Fund (other than the Mass Transit Account) for non- transportation purposes and shall use such income for projects eligible under23 USC.

  • Basic Requirement: Intelligent Transportation Systems (ITS) projects funded by the Highway Trust Fund and the Mass Transit Account must conform to the National ITS Architecture, as well as to United States Department of Transportation (USDOT) adopted ITS Standards.

  • Some of the motor fuel tax collected from around the country is deposited in the Mass Transit Account of the Highway Trust Fund (HTF).

  • In addition, a large portion, around 80 percent, of federal funds are from the Mass Transit Account of the Highway Trust Fund, which is a dedicated federal tax, and passenger fares and other transit agency earnings are by practice dedicated.

  • The State shall charge, at a minimum, a fair market value for the sale, lease, or use of real property acquired with Federal assistance from the Highway Trust Fund (other than the Mass Transit Account) for the non-transportation purposes and shall use such income for project eligible under 23 USC.

  • The State shall charge, at a minimum, fair market value for the sale, use, lease, or lease renewal of real property acquired with Federal assistance from the Highway Trust Fund (other than the Mass Transit Account).

  • Rules similar to the rules of subsection (d) shall apply to the Mass Transit Account.

  • This is analogous to the Mass Transit Account of the Highway Trust Fund at the federal level.

  • The Final Rule and the Final Policy ensure that ITS projects carried out using funds from the Highway Trust Fund including the Mass Transit Account conform to the National ITS Architecture and applicable ITS standards.


More Definitions of Transit Account

Transit Account means an e-wallet in TRANSIT System which enables the TRANSIT User to send and receive payments.
Sample 1
Transit Account means any “Transit Accounts”;
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Related to Transit Account

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.