trust money means money held in trust on behalf of third parties in a trust contemplated in terms of Section 12 of the Act. Public money means any funds or money obtained from any governmental entity, including, but not limited to, research grants. Xxxxxxx Money Deposit shall have the meanin...
trust money means money held in trust on behalf of third parties in a trust contemplated in terms of Section 12 of the Act. Security Deposit Account has the meaning given in Section 5.1. Loss Proceeds Account has the meaning set forth in Section 3.3(a). E-Money means electronic money as...
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 ...
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...
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...
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. ...
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 ...
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 -...
Among the earliest of the robber barons was John Jacob Astor, a fur magnate who amassed his fortune through the monopoly held by his American Fur Company over the trade in the central and western United States during the first 30 years of the 19th century. This monopoly was achieved in part...
The central bank has held the target rate steady since July 2023, when it was raised a quarter of a percentage point to 5.25% to 5.5%, the highest it's been in over 20 years. The last time the federal funds rate was cut was at the start of the pandemic, when the Fed slashed it...