Vault Account definition

Vault Account means one or more cold storage accounts in the name of the Sponsor and of the Trust held for the safekeeping of the Trust’s Bitcoins.
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Vault Account means one or more cold storage accounts at the Bitcoin Custodian in the name of the Sponsor and of the Trust held for the safekeeping of the Trust’s Bitcoins.
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Vault Account or “Vault” is the collateral account the Bank establishes as security to enable you to make prompt and full payment each billing cycle. When you make purchases with your Believe Card, the amount of the purchase is deducted from your Varo Bank Account real time and deposited into your Vault Account. Funds in the Vault Account can then be used by you to pay the balance owed at the close of the billing cycle. You will not earn interest on the balances in the Vault Account.
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Examples of Vault Account in a sentence

  • Age and Membership Limitations: Available to members 17 or younger with a Safari Savers Kids' Club or Vault Account.

  • As in[14] the dataset graph consisting of links between datasets is used to compute the dataset ranks based on PageRank.

  • The Bitcoin Account will be maintained by the Custodian and cold storage6 mechanisms will be used for the Vault Account by the Custodian.

  • According to the Registration Statement, the “Bitcoin Account” is defined as the Vault Account and Wallet Account and any associated subaccounts of either.

  • It is the responsibility of Customer to timely and regularly reconcile its bank statements for each designated settlement and Vault Account submitted.

  • The Custodian maintains a Vault Account for the Trust assets, in which the private keys are placed in cold storage.

  • Cash is transported from the Debtors’ theater locations by armored vehicles and deposited into the Vault Account.

  • The Vault Account may only be owned and titled in the name of one (1) person who solely retains the right to use the card for purchase and cash access transactions.

  • If you enable Safe Credit Builder, funds from your Vault Account in the amount of the Total Due will be used to automatically pay your New Balance at the close of your billing cycle.

  • Funds in the Vault Account can then be used by you to pay the Total Due at the close of the billing cycle.


More Definitions of Vault Account

Vault Account means one or more cold-storage vault accounts in the name of the Sponsor and the Trust.
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Related to Vault Account

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Finance Charge Account is defined in Section 4.9(a).

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Note Account As defined in the Indenture.

  • Payment Account means a segregated non-interest-bearing corporate trust account maintained by the Property Trustee with the Bank in its trust department for the benefit of the Securityholders in which all amounts paid in respect of the Debentures shall be held and from which the Property Trustee shall make payments to the Securityholders in accordance with Sections 401 and 402.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Direct Account : means any Account which is not an ISA Account.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Collection Accounts As defined in Section 3.10(a).

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Investment Account As defined in Section 3.12(a).