Eligible Deposit Account definition: Copy, customize, and use instantly
Introduction
The term "Eligible Deposit Account" refers to an account that meets specific regulatory, financial, or legal criteria to be eligible for certain uses, such as holding deposits or collateral. It is essential for ensuring that funds are deposited into an account that complies with the necessary standards for security, liquidity, and functionality in contractual agreements.
Below are various examples of how "Eligible Deposit 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 Deposit Account" as a qualifying account
This definition ties "Eligible Deposit Account" to the qualification criteria for deposit accounts.
"Eligible Deposit Account" means a deposit account that meets the necessary regulatory and legal requirements for holding specific types of deposits.
Definition of "Eligible Deposit Account" as a bank account
This definition connects "Eligible Deposit Account" to an account held in a financial institution.
"Eligible Deposit Account" refers to a bank account that is authorized to hold eligible funds, typically including checking or savings accounts with a recognized financial institution.
Definition of "Eligible Deposit Account" as a contractual condition
This definition links "Eligible Deposit Account" to the terms of a contract.
"Eligible Deposit Account" means an account that is specifically authorized under the terms of this agreement to receive deposits, including funds required for collateral.
Definition of "Eligible Deposit Account" as a secure account
This definition applies "Eligible Deposit Account" to accounts designated as secure.
"Eligible Deposit Account" refers to an account held at a financial institution that is recognized for its security features, such as insured or protected deposit accounts.
Definition of "Eligible Deposit Account" as an interest-bearing account
This definition links "Eligible Deposit Account" to accounts that earn interest.
"Eligible Deposit Account" means a deposit account that accrues interest and is eligible for use under this agreement to hold required funds.
Definition of "Eligible Deposit Account" as a liquidity management tool
This definition ties "Eligible Deposit Account" to a tool for managing liquidity.
"Eligible Deposit Account" refers to a deposit account used by the entity to manage its liquidity, capable of accepting deposits and withdrawals under specific terms.
Definition of "Eligible Deposit Account" as a government-insured account
This definition connects "Eligible Deposit Account" to government-backed accounts.
"Eligible Deposit Account" means a deposit account that is insured or protected by a government agency, ensuring safety of the funds deposited.
Definition of "Eligible Deposit Account" as a money market account
This definition links "Eligible Deposit Account" to a specific type of deposit account.
"Eligible Deposit Account" refers to a money market account that meets the minimum requirements for eligibility under this agreement.
Definition of "Eligible Deposit Account" as a high-value account
This definition ties "Eligible Deposit Account" to accounts that meet specific monetary thresholds.
"Eligible Deposit Account" means a deposit account with a minimum balance that qualifies for participation in certain transactions or financial agreements.
Definition of "Eligible Deposit Account" as a custodial account
This definition connects "Eligible Deposit Account" to custodial roles.
"Eligible Deposit Account" refers to a custodial account used to hold assets on behalf of another party, meeting the required standards for eligibility.
Definition of "Eligible Deposit Account" as a restricted use account
This definition applies "Eligible Deposit Account" to accounts with restrictions.
"Eligible Deposit Account" means an account with restricted access, eligible for specific uses only under the terms of the agreement.
Definition of "Eligible Deposit Account" as a joint account
This definition ties "Eligible Deposit Account" to joint accounts.
"Eligible Deposit Account" refers to a joint deposit account that meets the criteria for inclusion in this agreement, requiring approval from all account holders for access.
Definition of "Eligible Deposit Account" as an escrow account
This definition connects "Eligible Deposit Account" to escrow services.
"Eligible Deposit Account" means an escrow account that meets the requirements for holding funds in trust under the terms of a legal agreement.
Definition of "Eligible Deposit Account" as a corporate account
This definition links "Eligible Deposit Account" to accounts held by corporations.
"Eligible Deposit Account" refers to an account held by a corporation or business entity, eligible for receiving corporate funds under contractual agreements.
Definition of "Eligible Deposit Account" as a settlement account
This definition applies "Eligible Deposit Account" to accounts used for settlements.
"Eligible Deposit Account" means an account used for settling financial transactions, qualifying under the terms of this agreement.
Definition of "Eligible Deposit Account" as an account with specific requirements
This definition ties "Eligible Deposit Account" to accounts that meet particular conditions.
"Eligible Deposit Account" refers to any deposit account that satisfies the regulatory, operational, and financial requirements set out in this agreement.
Definition of "Eligible Deposit Account" as an account with automatic payments
This definition connects "Eligible Deposit Account" to accounts designed for automatic payment processing.
"Eligible Deposit Account" means an account capable of facilitating automatic payments, meeting the necessary requirements for eligibility.
Definition of "Eligible Deposit Account" as a reserve account
This definition links "Eligible Deposit Account" to accounts used for holding reserves.
"Eligible Deposit Account" refers to an account used to hold reserves, qualifying for certain investment or financial arrangements under the contract.
Definition of "Eligible Deposit Account" as a primary deposit account
This definition applies "Eligible Deposit Account" to a primary account.
"Eligible Deposit Account" means the primary account designated by the account holder for receiving deposits under the terms of this agreement.
Definition of "Eligible Deposit Account" as a payroll account
This definition ties "Eligible Deposit Account" to accounts used for payroll purposes.
"Eligible Deposit Account" refers to an account used specifically for processing payroll, meeting the requirements for direct deposit.
Definition of "Eligible Deposit Account" as a trust account
This definition connects "Eligible Deposit Account" to trust fund purposes.
"Eligible Deposit Account" means a trust account used to hold funds in a fiduciary capacity, eligible for inclusion under this agreement.
Definition of "Eligible Deposit Account" as a personal savings account
This definition links "Eligible Deposit Account" to personal savings.
"Eligible Deposit Account" refers to a personal savings account that meets eligibility criteria for deposit under the contract terms.
Definition of "Eligible Deposit Account" as a regulated account
This definition applies "Eligible Deposit Account" to accounts under regulation.
"Eligible Deposit Account" means an account regulated by the relevant financial authorities, meeting the legal standards for deposits.
Definition of "Eligible Deposit Account" as a secured account
This definition ties "Eligible Deposit Account" to secured accounts.
"Eligible Deposit Account" refers to an account that is secured by collateral, eligible for certain financial agreements under the contract.
Definition of "Eligible Deposit Account" as a flexible account
This definition connects "Eligible Deposit Account" to accounts with flexible terms.
"Eligible Deposit Account" means an account with flexible terms and conditions that qualify it for use under this agreement.
Definition of "Eligible Deposit Account" as a credit-linked account
This definition links "Eligible Deposit Account" to accounts connected to credit products.
"Eligible Deposit Account" refers to an account linked to credit products or services, qualifying under specific criteria for inclusion in this agreement.
Definition of "Eligible Deposit Account" as an interest-bearing trust account
This definition applies "Eligible Deposit Account" to interest-bearing trust accounts.
"Eligible Deposit Account" means an interest-bearing account used in a trust capacity, meeting the necessary criteria for eligibility.
Definition of "Eligible Deposit Account" as a business savings account
This definition ties "Eligible Deposit Account" to business savings accounts.
"Eligible Deposit Account" refers to a business savings account meeting the minimum deposit and eligibility requirements for this agreement.
Definition of "Eligible Deposit Account" as a government-backed account
This definition connects "Eligible Deposit Account" to accounts backed by the government.
"Eligible Deposit Account" means a deposit account backed by a government insurance or protection scheme, ensuring the safety of funds.
Definition of "Eligible Deposit Account" as a transactional account
This definition links "Eligible Deposit Account" to accounts used for transactions.
"Eligible Deposit Account" refers to an account designed for regular financial transactions, such as checking accounts, qualifying under this agreement.
Definition of "Eligible Deposit Account" as a qualified account
This definition applies "Eligible Deposit Account" to accounts that meet qualification standards.
"Eligible Deposit Account" means any account that has been qualified under the terms of the agreement, meeting all necessary criteria for holding deposits.
Definition of "Eligible Deposit Account" as a designated account
This definition ties "Eligible Deposit Account" to a specific designated role.
"Eligible Deposit Account" refers to an account that has been specifically designated to hold certain deposits, as per the contract terms.
Definition of "Eligible Deposit Account" as a holding account
This definition connects "Eligible Deposit Account" to accounts used for holding purposes.
"Eligible Deposit Account" means an account used for holding funds temporarily, qualifying under the contractual and regulatory guidelines.
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.