A demand deposit account (DDA) at most banks will severely limit the interest than can be earned on money in this account. The funds in DDAs can be accessed with no limit and without the need of notifying the bank. The DDA withdrawal meaning, in this context, is that a person can ...
Deposit Escrow Agreementhas the meaning set forth in Section 2.2. Deposit Amountis the amount GLAIC credits to the Accumulation Fund on the Deposit Date as set forth in the Accumulation Fund Schedule. Depository Bankmeans the Institution that issues a specific Depositary Receipt on behalf of the ...
Refundable creditmeans the amount of the City income tax that was paid on the non-distributed portion, if any, of a nonqualified deferred compensation plan. Security Deposit Accounthas the meaning given in Section 2.3. Earnest Money Deposit(EMD) means Bid Security/ monetary or financial guarantee...
Claims also include disagreements about the meaning, application or enforceability of this arbitration agreement. As solely used in this Section IV (Arbitration and Waivers), “we” or “us” shall include the Bank, its affiliates and their successors, employees, directors, officers and agents, ...
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a security deposit is held to ensure that there is no damage to a property. This may also be the case in renting equipment. The deposit may be returned if the item or space is returned in the same condition. For other items, a deposit may be used a partial payment on the balance due...
You'll have borrowed less compared to a higher LTV ratio, meaning you'll pay less in interest overall You're less likely to fall into negative equity compared to if you put down a smaller deposit Disadvantages of 60% mortgages It can take a while to save up a 40% deposit , so you ...
Capitalized terms used in this paragraph that are not defined in this Agreement shall have the meaning provided for them in the CMA Financial Service Account Agreement and Program Description. Page 20 02/2025 If you use your Loan Management Account® (LMA® account), a Bank of America ...
Can You Lose Money on a CD? It is almost impossible to lose money on a CD for two reasons. Certificates of deposit are guaranteed by the bank or credit union that offers them, meaning that they are legally required to pay you exactly the amount of interest and principal agreed upon. CDs...
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