Eligible Account definition: Copy, customize, and use instantly
Introduction
The term "Eligible Account" refers to a financial account that meets specific requirements set forth in an agreement or regulation. It is essential for determining which accounts are eligible for certain benefits, transactions, or privileges, such as eligibility for investment, loans, or deposit accounts.
Below are various examples of how "Eligible Account" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Eligible Account" as an account eligible for investment
This definition ties "Eligible Account" to investment-related qualifications.
"Eligible Account" means an account that meets the criteria established by the investment fund or financial institution for receiving specific investments or investment products.
Definition of "Eligible Account" as an account eligible for automatic payments
This definition connects "Eligible Account" to automatic payment processing.
"Eligible Account" refers to a bank or financial account that is eligible to receive automatic payments, such as salaries, bill payments, or government benefits, based on the account's registration and status.
Definition of "Eligible Account" as an account qualified for rebates
This definition links "Eligible Account" to rebate qualifications.
"Eligible Account" means an account that qualifies for a rebate based on the user's spending patterns, loyalty points, or other conditions outlined in the terms of the rebate program.
Definition of "Eligible Account" as an account eligible for credit extension
This definition applies "Eligible Account" to credit eligibility.
"Eligible Account" refers to an account that qualifies for credit extension based on the account holder's creditworthiness, account activity, or financial standing as defined by the lender.
Definition of "Eligible Account" as a savings account eligible for higher interest rates
This definition ties "Eligible Account" to interest rate benefits.
"Eligible Account" means a savings account that qualifies for higher interest rates due to meeting specific criteria, such as a minimum balance or length of time the account has been active.
Definition of "Eligible Account" as an account eligible for promotional offers
This definition connects "Eligible Account" to promotional benefits.
"Eligible Account" refers to an account that is eligible for promotional offers, discounts, or special terms, as defined by the financial institution or promotional campaign.
Definition of "Eligible Account" as an account eligible for overdraft protection
This definition links "Eligible Account" to overdraft benefits.
"Eligible Account" means a bank account that qualifies for overdraft protection services, ensuring that transactions are covered even if there are insufficient funds, based on the account's status and requirements.
Definition of "Eligible Account" as an account eligible for government benefits
This definition applies "Eligible Account" to government support.
"Eligible Account" refers to an account that meets the qualifications for receiving government benefits or subsidies, such as unemployment insurance or social security payments.
Definition of "Eligible Account" as an account qualifying for tax exemptions
This definition ties "Eligible Account" to tax-related benefits.
"Eligible Account" means an account that qualifies for certain tax exemptions, deductions, or credits, such as retirement savings accounts or educational savings plans, as determined by tax regulations.
Definition of "Eligible Account" as an account eligible for rewards program
This definition connects "Eligible Account" to loyalty or rewards.
"Eligible Account" refers to an account that qualifies to participate in a rewards program, where users can earn points or benefits for purchases or activities related to the account.
Definition of "Eligible Account" as an account that qualifies for insurance coverage
This definition links "Eligible Account" to insurance benefits.
"Eligible Account" means an account that qualifies for coverage under an insurance policy, such as a health savings account or a business liability insurance account.
Definition of "Eligible Account" as an account eligible for membership perks
This definition applies "Eligible Account" to membership benefits.
"Eligible Account" refers to an account that is eligible to receive membership perks, such as access to exclusive services, discounts, or events, as outlined by the organization or service provider.
Definition of "Eligible Account" as an account eligible for account linking
This definition ties "Eligible Account" to system integration.
"Eligible Account" means an account that qualifies to be linked to another account or service, enabling streamlined operations, transactions, or management through account integration.
Definition of "Eligible Account" as a corporate account meeting qualifications for benefits
This definition connects "Eligible Account" to corporate qualifications.
"Eligible Account" refers to a corporate account that meets the requirements for receiving company benefits, such as employee discounts, insurance, or other financial perks available to corporate entities.
Definition of "Eligible Account" as an account qualified for participation in a pooled investment fund
This definition links "Eligible Account" to pooled investment participation.
"Eligible Account" means an account that qualifies for participation in a pooled investment fund or mutual fund, based on factors such as account size, investor status, or compliance with fund rules.
Definition of "Eligible Account" as a business account eligible for operational funds
This definition applies "Eligible Account" to business financing.
"Eligible Account" refers to a business account that qualifies for operational funding or credit lines, based on the company's financial health and account activity.
Definition of "Eligible Account" as a checking account eligible for free services
This definition ties "Eligible Account" to checking account services.
"Eligible Account" means a checking account that qualifies for free services, such as fee waivers or no monthly maintenance fees, based on criteria such as minimum balance or direct deposit enrollment.
Definition of "Eligible Account" as an account eligible for a loan
This definition connects "Eligible Account" to loan eligibility.
"Eligible Account" refers to an account that meets the financial institution's requirements to qualify for a loan, based on factors like account activity, balance, and creditworthiness.
Definition of "Eligible Account" as an account eligible for dividends
This definition links "Eligible Account" to dividend qualification.
"Eligible Account" means an account that qualifies to receive dividends, as determined by the terms and conditions set by the issuing entity or investment fund.
Definition of "Eligible Account" as an account that qualifies for tax-deferred status
This definition applies "Eligible Account" to tax-deferred financial benefits.
"Eligible Account" refers to an account that qualifies for tax-deferred status, such as a retirement savings account or a health savings account (HSA), as per tax regulations.
Definition of "Eligible Account" as an account qualified for automatic loan repayments
This definition ties "Eligible Account" to loan repayment eligibility.
"Eligible Account" means an account that qualifies to be used for automatic loan repayments, where payments are deducted from the account based on the agreed schedule.
Definition of "Eligible Account" as an account that qualifies for a cashback program
This definition connects "Eligible Account" to cashback rewards.
"Eligible Account" refers to an account that qualifies for a cashback program, where the account holder earns a percentage of their purchases back as a reward.
Definition of "Eligible Account" as an account eligible for high-yield savings benefits
This definition links "Eligible Account" to savings benefits.
"Eligible Account" means a savings account that qualifies for higher interest rates or special savings benefits due to factors such as balance levels or account duration.
Definition of "Eligible Account" as an account eligible for credit card rewards
This definition applies "Eligible Account" to credit card reward programs.
"Eligible Account" refers to an account that qualifies for credit card reward points, based on spending patterns, cardholder status, or other promotional conditions.
Definition of "Eligible Account" as an account eligible for fee reductions
This definition ties "Eligible Account" to fee reductions.
"Eligible Account" means an account that qualifies for reduced fees or charges, such as a checking account with no overdraft fees, based on certain criteria like account balance or loyalty.
Definition of "Eligible Account" as an account that qualifies for investment purposes
This definition connects "Eligible Account" to investment eligibility.
"Eligible Account" refers to an account that meets the required criteria for participation in investment products, such as a brokerage account eligible for certain types of stocks or bonds.
Definition of "Eligible Account" as an account eligible for account linking and integrations
This definition links "Eligible Account" to integrated services.
"Eligible Account" means an account that qualifies to be linked with other financial accounts or services for easier management, transfers, or transactions.
Definition of "Eligible Account" as an account eligible for mortgage benefits
This definition applies "Eligible Account" to mortgage options.
"Eligible Account" refers to an account that qualifies for special mortgage rates, terms, or loan opportunities based on the account holder’s history, balance, or other factors.
Definition of "Eligible Account" as an account eligible for international transactions
This definition ties "Eligible Account" to international banking features.
"Eligible Account" means an account that qualifies to perform international transactions, such as currency exchange or international wire transfers, as outlined by the institution.
Definition of "Eligible Account" as an account that qualifies for participation in a loyalty program
This definition connects "Eligible Account" to loyalty programs.
"Eligible Account" refers to an account that qualifies for participation in a loyalty or rewards program, where account holders earn points or perks for meeting certain conditions.
Definition of "Eligible Account" as an account eligible for student benefits
This definition links "Eligible Account" to student financial advantages.
"Eligible Account" means a financial account that qualifies for student-specific benefits, such as lower fees, higher interest rates on savings, or discounts on financial services.
Definition of "Eligible Account" as an account eligible for corporate or business perks
This definition applies "Eligible Account" to corporate benefits.
"Eligible Account" refers to a corporate or business account that meets the qualifications for receiving business-related benefits, such as loans, lines of credit, or employee benefits programs.
Definition of "Eligible Account" as an account eligible for government-backed funding
This definition ties "Eligible Account" to government funding eligibility.
"Eligible Account" means an account that qualifies for receiving government-backed financial benefits, grants, or loans, based on the applicant’s qualifications and account status.
Definition of "Eligible Account" as an account eligible for loan processing
This definition ties "Eligible Account" to loan processing.
"Eligible Account" means an account that qualifies for loan processing, as determined by the financial institution’s criteria, such as account activity, balance thresholds, and customer history.
Definition of "Eligible Account" as an account qualifying for tax deductions
This definition connects "Eligible Account" to tax deduction eligibility.
"Eligible Account" refers to an account that qualifies for tax deductions, such as an individual retirement account (IRA) or a health savings account (HSA), based on applicable tax laws and regulations.
Definition of "Eligible Account" as an account qualifying for credit card eligibility
This definition links "Eligible Account" to credit card eligibility.
"Eligible Account" means an account that qualifies for credit card issuance or approval, based on factors like the account holder’s credit score, balance history, and application review.
Definition of "Eligible Account" as an account eligible for enhanced interest rates
This definition applies "Eligible Account" to high-yield financial benefits.
"Eligible Account" refers to an account that qualifies for enhanced interest rates or benefits, such as a savings account with a higher-than-average annual percentage yield (APY).
Definition of "Eligible Account" as an account eligible for free withdrawal privileges
This definition ties "Eligible Account" to withdrawal privileges.
"Eligible Account" means an account that qualifies for free withdrawal privileges, allowing the account holder to make withdrawals without incurring fees, subject to the account’s terms and conditions.
Definition of "Eligible Account" as an account eligible for pension contributions
This definition connects "Eligible Account" to pension plans.
"Eligible Account" refers to an account that qualifies for pension contributions, such as an employer-sponsored retirement plan that meets certain conditions for receiving employer-funded contributions.
Definition of "Eligible Account" as an account qualifying for automated transfer services
This definition links "Eligible Account" to transfer services.
"Eligible Account" means an account that qualifies for automated transfer services, where recurring payments or transfers can be scheduled automatically, based on the account’s standing.
Definition of "Eligible Account" as an account eligible for fee waivers
This definition applies "Eligible Account" to fee reductions.
"Eligible Account" refers to an account that qualifies for fee waivers, including monthly maintenance fees, overdraft charges, and transaction fees, based on specific criteria such as balance or tenure.
Definition of "Eligible Account" as an account eligible for special promotional offers
This definition ties "Eligible Account" to promotional offers.
"Eligible Account" means an account that qualifies for special promotional offers, such as sign-up bonuses, cashback rewards, or interest rate promotions, based on meeting certain criteria.
Definition of "Eligible Account" as an account eligible for insurance coverage
This definition connects "Eligible Account" to insurance benefits.
"Eligible Account" refers to an account that qualifies for certain types of insurance coverage, such as protection against fraud or loss, as outlined by the provider’s terms and conditions.
Definition of "Eligible Account" as an account qualifying for access to premium services
This definition links "Eligible Account" to premium services.
"Eligible Account" means an account that qualifies for premium services, such as priority customer support, exclusive offers, or specialized banking services, depending on the account type and qualifications.
Definition of "Eligible Account" as an account qualifying for business-related transactions
This definition applies "Eligible Account" to business transactions.
"Eligible Account" refers to an account that qualifies for processing business-related transactions, such as vendor payments, payroll services, or business loans, as determined by the financial institution.
Definition of "Eligible Account" as an account eligible for corporate cashback rewards
This definition ties "Eligible Account" to corporate rewards.
"Eligible Account" means a corporate account that qualifies for cashback rewards on business expenditures, as part of a corporate credit card or financial program.
Definition of "Eligible Account" as an account eligible for loan forgiveness
This definition connects "Eligible Account" to loan forgiveness.
"Eligible Account" refers to an account that qualifies for loan forgiveness under specific programs, such as student loan repayment plans or government-backed forgiveness programs.
Definition of "Eligible Account" as an account eligible for business line of credit
This definition links "Eligible Account" to credit facilities.
"Eligible Account" means an account that qualifies for a business line of credit, based on account activity, financial standing, and business needs.
Definition of "Eligible Account" as an account qualifying for access to investment opportunities
This definition applies "Eligible Account" to investment eligibility.
"Eligible Account" refers to an account that qualifies for access to investment opportunities, such as stock purchases or mutual fund investments, based on the account holder’s qualifications and the institution's requirements.
Definition of "Eligible Account" as an account eligible for rewards program
This definition ties "Eligible Account" to participation in a rewards program.
"Eligible Account" means an account that qualifies for a rewards program, where account holders can earn points, discounts, or other benefits based on specific qualifying transactions or balances.
Definition of "Eligible Account" as an account qualified for insurance benefits
This definition connects "Eligible Account" to qualifying for insurance coverage.
"Eligible Account" refers to an account that qualifies for insurance benefits, such as accident coverage or fraud protection, based on the account's standing and eligibility criteria set forth by the insurer.
Definition of "Eligible Account" as an account that meets regulatory compliance
This definition links "Eligible Account" to compliance with regulations.
"Eligible Account" means an account that meets the necessary regulatory requirements for specific financial services or transactions, as defined by industry standards and applicable laws.
Definition of "Eligible Account" as an account eligible for special credit terms
This definition applies "Eligible Account" to credit arrangements.
"Eligible Account" refers to an account that qualifies for special credit terms, such as reduced interest rates, extended payment periods, or preferential repayment options.
Definition of "Eligible Account" as an account qualified for loan approval
This definition ties "Eligible Account" to loan eligibility.
"Eligible Account" means an account that qualifies for loan approval, based on factors such as the account holder’s credit score, transaction history, and other financial qualifications.
Definition of "Eligible Account" as an account with access to exclusive financial products
This definition connects "Eligible Account" to access to premium products.
"Eligible Account" refers to an account that qualifies for exclusive financial products, such as specialized savings accounts, investment opportunities, or high-yield options, based on the account holder’s qualifications.
Definition of "Eligible Account" as an account eligible for tax incentives
This definition links "Eligible Account" to eligibility for tax incentives.
"Eligible Account" means an account that qualifies for specific tax incentives, such as deductions or credits, based on account characteristics like its type or usage.
Definition of "Eligible Account" as an account eligible for expense reimbursement
This definition applies "Eligible Account" to expense-related benefits.
"Eligible Account" refers to an account that qualifies for expense reimbursement under certain programs or company policies, such as an employee expense account or business account for work-related costs.
Definition of "Eligible Account" as an account qualifying for government-backed loans
This definition ties "Eligible Account" to government loan eligibility.
"Eligible Account" means an account that qualifies for government-backed loans, such as small business loans, mortgage programs, or student loans, based on specific eligibility criteria.
Definition of "Eligible Account" as an account eligible for account aggregation services
This definition connects "Eligible Account" to aggregation of services.
"Eligible Account" refers to an account that qualifies for account aggregation services, where multiple accounts can be linked and managed through a central platform, subject to the account’s type and provider criteria.
Definition of "Eligible Account" as an account that meets terms for automatic investment contributions
This definition links "Eligible Account" to investment contributions.
"Eligible Account" means an account that qualifies for automatic investment contributions, such as a retirement account or other investment vehicle where regular contributions are made automatically based on agreed terms.
Definition of "Eligible Account" as an account qualifying for cashback rewards
This definition applies "Eligible Account" to cashback programs.
"Eligible Account" refers to an account that qualifies for cashback rewards, earning money back on certain purchases or activities, depending on the account's standing and transaction history.
Definition of "Eligible Account" as an account eligible for premium customer support services
This definition ties "Eligible Account" to enhanced customer support.
"Eligible Account" means an account that qualifies for premium customer support services, offering priority access to help, dedicated representatives, or other customer service enhancements.
Definition of "Eligible Account" as an account eligible for minimum balance exemptions
This definition connects "Eligible Account" to balance requirements.
"Eligible Account" refers to an account that qualifies for minimum balance exemptions, allowing the account holder to avoid fees or penalties despite not maintaining a certain balance.
Definition of "Eligible Account" as an account eligible for foreign exchange services
This definition links "Eligible Account" to currency exchange services.
"Eligible Account" means an account that qualifies for foreign exchange services, such as currency conversion or international money transfers, depending on account status and provider regulations.
Definition of "Eligible Account" as an account eligible for business transaction privileges
This definition applies "Eligible Account" to business services.
"Eligible Account" refers to an account that qualifies for business-related transaction privileges, such as the ability to make bulk payments, international transfers, or high-value transactions, based on the account's type and qualifying criteria.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.