unclaimed money definition

unclaimed money means money to which section 6(1) applies, and a reference to unclaimed money includes a reference to —
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unclaimed money means all sums of money that, after the commencement of this Act, be- come legally payable by a company in respect of policies but in respect of which the time within which proceedings may be taken for their recovery has expired, and includes sums of money payable on the maturity, after the commencement of this Act, of an endowment insur- ance policy which are not claimed within seven years after the maturity date of the policy.
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unclaimed money means unclaimed money to which Part 10 (Unclaimed money) applies;
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More Definitions of unclaimed money

unclaimed money means, subject to sections 45 and 49, all principal and interest money, and all unclaimed dividends, bonuses, profits and other sums of money whatsoever owing to any owner which, on the coming into force of this Act or at any time before the coming into force of this Act, have been in the possession of any holder for a period of six years or more after the time when the money became payable, and in respect of which no claim has been made by the owner against the holder.
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unclaimed money means those benefits or accrued moneys equivalent of which are described as ‘unclaimed money’ under the Act.
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unclaimed money means all principal, interest, dividends, bonuses, profits and sums of money legally payable by an Authorized Institution but in respect of which the time for the taking of proceedings for recovery has expired, and includes moneys to the credit of an account (other than an account in the name of an infant) that has not been operated on by deposit or withdrawal period for a period of not less than seven years.
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unclaimed money means any money-
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unclaimed money means, subject to sections 65 (Periods after which certain money becomes unclaimed money) and 69 (Unclaimed trust money), all principal and interest money, and all unclaimed dividends, bonuses, profits and other sums of money whatsoever owing to any owner which, on the coming into force of the Unclaimed Money Act 1964 (repealed) or at any time thereafter, have been in the possession of any holder for a period of 6 years or more after the time when the same became payable, and in respect of which no claim has been made by the owner against the holder.
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unclaimed money means any sum of money in the possession of a public authority for which no claim has been made against the authority by the owner, and includes unclaimed salaries and wages and stopped or stale cheques.
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Related to unclaimed money

  • Money means a medium of exchange currently authorized or adopted by a domestic or foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more countries.

  • Government Obligations means (i) securities which are (A) direct obligations of the United States of America or the government which issued the Foreign Currency in which the Securities of a particular series are payable, for the payment of which its full faith and credit is pledged or (B) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America or such government which issued the Foreign Currency in which the Securities of such series are payable, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America or such other government, which, in either case, are not callable or redeemable at the option of the issuer thereof, and (iii) a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of the Government Obligation evidenced by such depository receipt.

  • E-Money means electronic money as defined in the SI No. 183/2011 – European Communities (Electronic Money) Regulations 2011.

  • Retention Money means the accumulated retention moneys which the Procuring Entity retains under Sub-Clause

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Governmental Obligations means securities that are (a) direct obligations of the United States of America for the payment of which its full faith and credit is pledged or (b) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America that, in either case, are not callable or redeemable at the option of the issuer thereof at any time prior to the stated maturity of the Securities, and shall also include a depositary receipt issued by a bank or trust company as custodian with respect to any such Governmental Obligation or a specific payment of principal of or interest on any such Governmental Obligation held by such custodian for the account of the holder of such depositary receipt; provided, however, that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the Governmental Obligation or the specific payment of principal of or interest on the Governmental Obligation evidenced by such depositary receipt.