Wealth Account definition

Wealth Account means the account approved by the Bank at the request of the Customer who fulfils the criteria imposed by the Bank from time to time, a Wealth Account may be maintained and operated either in sole name (single person) or joint names (two or more persons, see definition for “Joint Wealth Account” above. Whenever the context allows, references to a Wealth Account shall be construed to include a Joint Wealth Account). Each Wealth Account may consist of one or more Wealth Portfolios.
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Wealth Account means an account xx xxx xxxx xx Xxxxxx xxxh the Agent in Hamburg designated "Wealth Management Inc. - Cash Management Account" or any other account (with that or another office of the Agent) which is designated by the Agent as the Wealth Account for the purposes of this Agreement;
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Examples of Wealth Account in a sentence

  • Send you an unsolicited email with a link to our login page asking you to enter your Online Wealth Account credentials.

  • To avoid being charged any such new Fee Rate, you must terminate the Revolut Wealth Account within the 14-day period referenced above.

  • This Part C contains terms and conditions governing the investment products and services under the Wealth Account.

  • If the Bank receives contradictory Instructions from the said lawfully appointed representative of the mentally incapacitated Wealth Account Joint Holder(s) and/or the other Wealth Account Joint Holder(s), the Bank may choose to act only on the mandate of both the other Wealth Account Joint Holder(s) and the lawfully appointed representative of the mentally incapacitated Wealth Account Joint Holder.

  • When a Joint Wealth Account is opened in the names of 2 or more Wealth Account Joint Holders, all Wealth Portfolios under the Joint Wealth Account shall be maintained and operated by the same Wealth Account Joint Holders with the same signing authority, including the respective sets of Multi Currency Current Account (MCCA), Multi Currency Term Deposit (MCTD) and investment products under or within the Wealth Portfolios.

  • Further, the Restored Defined Benefit Plan Benefits based upon the Participant’s Accrued Benefit under the Twenty-Eighth Supplement to the Defined Benefit Plan shall be calculated as the difference between the balance that would have been in the Participant’s Personal Wealth Account determined without reduction to comply with the Limits of the Code and his Accrued Benefit under the Twenty-Eighth Supplement to the Defined Benefit Plan.

  • Any written instructions may be given by the Wealth Account Joint Holders in one or more counterparts, all of which when taken together shall constitute one and the same document.

  • Payment as aforesaid by the Bank to the survivor(s) shall constitute a valid, full and effectual discharge and release of the Bank’s obligations to any and all of the Wealth Account Joint Holders.

  • The Bank may permit the survivor(s) to continue to operate the Joint Wealth Account subject to such conditions as may be imposed by the Bank.

  • Upon notice of your death or mental incapacity, the Bank shall be entitled to freeze the Wealth Account and all Wealth Portfolio(s) under the Wealth Account (including all the MCCA(s), MCTD(s) and investment products) until such time your executor or administrator or lawfully appointed representative produces a grant of probate or letters of administration or court order (as the case may be) to the Bank’s satisfaction.

Related to Wealth Account

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Medical savings account means an account exempt from federal income taxation pursuant to Section 220 of the United States Internal Revenue Code (26 U.S.C. § 220).

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

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

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Individual retirement account means an individual retirement account under Section 408 of the Code, a Roth IRA under Section 408A of the Code, a simplified employee pension under Section 408(k) of the Code or a simple retirement account for employees under Section 408(p) of the Code.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Consumer account means an account established primarily for personal, family, or household use.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.