trust moneymeans money held in trust on behalf of third parties in a trust contemplated in terms of Section 12 of the Act. Security Deposit Accounthas the meaning given in Section 2.3. Loss Proceeds Accounthas the meaning set forth in Section 3.3(a). ...
trust moneymeans money held in trust on behalf of third parties in a trust contemplated in terms of Section 12 of the Act. Public moneymeans any funds or money obtained from any governmental entity, including, but not limited to, research grants. ...
Unless such provision was explicitly made as a gift or as the natural expression of a close relationship (e.g., parent-child), the acquired property is held in trust for the person who provided the money even though the second party holds the legal title. (This type of trust is ...
In this lesson, we discuss the definition of earnest money along with how it is paid and held until closing. The role of the salesperson or broker is explained. The lesson also covers when the earnest money is refundable or nonrefundable. ...
bank - an arrangement of similar objects in a row or in tiers; "he operated a bank of switches" array - an orderly arrangement; "an array of troops in battle order" 5. bank - a supply or stock held in reserve for future use (especially in emergencies) stockpile, reserve, backlog -...
A General Synod benefit fund that reimburses clergy and lay employees for educational costs is not vulnerable to residential schools litigation, according to legal opinions obtained by the pension committee, which administers the fund.De Santis, SolangeAnglican Journal...
When we include a government sector, its IOUs are balanced by credits held by the nongovernment sector. The nongovernment sector includes the private sector plus the “external” sector—which is the rest of the world. (The external sector includes foreign governments, households, and firms.) ...
All the paper money and coins that are in circulation – meaning what is not held by banks or the government. 2. The value of all checking account balances at banks. 3. The value of traveler’s checks. M1: The Narrowest Definition of the Money Supply 13 - 1 Measuring the Money ...
Mobile Moneymeans theelectronic money/stockissued byMTN and representing anentitlement toanequivalent amount of cashmonies held in TrustAccount(s) held in any ofthe MTNpartner banksin respect ofthepurchase ofsuch electronic value. Sample 1
Earnest money is usually paid by certified check, personal check, or a wire transfer into a trust or escrow account that is held by a real estate brokerage, legal firm, or title company. The funds are held in the account until closing, when they are applied toward the buyer's down payme...