Trust Fund Account definition

Trust Fund Account means any account containing Cash and Cash Equivalents consisting solely of Tax and Trust Funds.
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Trust Fund Account means an account within the trust fund that is either allocated to a particular corporation or shared by multiple corporations for the purpose of paying loan defaults and claims on bond guarantees or other financial products and program uses provided in this chapter.
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Trust Fund Account means any deposit account or securities account, to the extent the funds on deposit therein (a) are used or are to be used for payroll and payroll taxes, healthcare and other employee benefit payments to or for the benefit of any employees, (b) are used or are to be used to pay Taxes required to be collected, remitted or withheld (including U.S. federal and state withholding Taxes (including the employer’s share thereof) and sales Taxes) or (c) are held as an escrow, defeasance or redemption account or as a fiduciary or trustee for the benefit of another Person.
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Examples of Trust Fund Account in a sentence

  • Contributions will be taken into account when cashed in the Trust Fund Account for the amount in euro resulting from the conversion at their reception on the Trust Fund Account.

  • The donors shall pay their contribution(s) in euro or in any other currency in accordance with Article 3.2.2(a) to the Trust Fund Account referred to in Article 8.2.1 within four months of the date of signature of the Contribution Certificate.

  • This remuneration takes into account the liquidity and transformation risk assumed by the Commission in its investment activity to meet at any time the liquidity requirement for the management of the Trust Fund Account.

  • The Accounting Officer shall open at least one interest-bearing bank account in the name of the Trust Fund ("Trust Fund Account").

  • If the Buyer does not complete an IRS Form W-9 before Selling Broker must deposit the ▇▇▇▇▇▇▇ money or if the ▇▇▇▇▇▇▇ money is $10,000.00 or less, the ▇▇▇▇▇▇▇ money shall be deposited into the Housing Trust Fund Account.


More Definitions of Trust Fund Account

Trust Fund Account means an account kept by a bank in respect of which a certificate issued by the Commissioner under section 15 is in force;
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Trust Fund Account means a specifically named liability
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Trust Fund Account means the accounts established by the Boards between 1900 and 1969 into which they deposited money held on behalf of Aboriginal people.
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Trust Fund Account means any Deposit Account or Securities Account containing only Trust Funds.
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Trust Fund Account means an account within the trust fund that is allocated to a particular small business financial development corporation for the purpose of paying loan defaults and claims on bond guarantees for a specific small business financial development corporation.
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Trust Fund Account means a specifically named liability account designated by law as a trust fund in the State Treasury to which moneys are credited upon receipt and debited upon withdrawal, representing the balance owed by the State Treasury to agencies and instrumentalities of the State of Arkansas; and
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Trust Fund Account has the meaning given in Amendment No. 7.
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