Sentences with phrase «agreement by a financial institution»

A line of credit is an agreement by a financial institution to loan money to a borrower up to an agreed upon maximum.

Not exact matches

Comments received by the Department and media reports also indicate that many financial institutions already had completed or largely completed work to establish policies and procedures necessary to make the business structure and practice shifts required by the Impartial Conduct Standards earlier this year (e.g., drafting and implementing training for staff, drafting client correspondence and explanations of revised product and service offerings, negotiating changes to agreements with product manufacturers as part of their approach to compliance with the PTEs, changing employee and agent compensation structures, and designing conflict - free product offerings), and the Department believes that financial institutions may use this compliance infrastructure to ensure that they meet the Impartial Conduct Standards after taking the additional Start Printed Page 16910sixty days for an orderly transition between June 9, 2017, and January 1, 2018.

Last year, the member - owned network of banks and other financial institutions revealed a successful proof - of - concept aimed at reimagining the nostro - vostro accounts used by companies to store cash around the world, and in January, it signed an agreement with seven central securities depositories to evolve the way the centralized organizations might leverage blockchain.

This collateral (i.e., permissible vehicles investments) may include: (i) match - funded assets, and, (ii) debt securities, equity securities and other financial instruments issued or guaranteed by the US government or its agencies, sovereign governments, supra - national entities, corporations, financial institutions and asset - backed or mortgage - backed issuers that are the subject of credit support agreements.

Instead, when the Fed makes its first rate hike — something that probably won't happen until at least September - 2015 — it will do so by 1) raising the interest rate paid on bank reserves, 2) increasing the amount that it pays to borrow money via Reverse Repurchase agreements, and 3) boosting the rate that it offers to financial institutions for term deposits.

Justice Hassan held, «I am in complete agreement with the submission of the learned counsel for the applicant (EFCC) that the property sought to be attached are reasonably suspected to be proceeds of unlawful activities and that by every standard this huge sum of money is not expected to be kept without going through a designated financial institution; more so, nobody has shown cause why the said sum should not be forfeited to the Federal Government of Nigeria.

There's no way of knowing how many other Owens are working at America's universities, trapped into similarly untenable and punitive agreements by financial need and by professors» and institutions» failure to provide basic information about the positions» obligations.

[2] In an academy, the principal or head teacher is designated by the funding agreement as the «accounting officer» responsible for the financial and administrative affairs of the institution.

If a rate has been lowered due to a negotiation between the financial institution and the cardholder due to a hardship or other similar reason, the rate may be changed if the cardholder does not abide by the terms outlined in the agreement resulting from the negotiation with the issuer.

An agreement by a commercial bank or other financial institution to extend credit up to a certain amount for a certain time to a specified borrower.

Line of Credit An agreement by a commercial bank or other financial institution to extend credit up to a certain amount for a certain time.

Vermont: In accordance with Vermont law, we will not share information we collect about Vermont residents with companies outside of our corporate family, except as permitted by law, such as with your consent, to service your accounts or to other financial institutions with which we have joint marketing agreements.

The agreement will end the litigation over the new financial plan adopted by The Cooper Union's Board of Trustees in 2013 and allow for the continued sliding - scale scholarship model for undergraduate students while providing for continued steps to strengthen the governance of the institution and for evaluating the possibility for a return to a full - tuition scholarship model.

The agreement was brokered in September by New York State's attorney general, Eric T. Schneiderman, in an effort to quell the turmoil that had engulfed the college as it struggled with severe financial problems, divisions among its trustees, the ouster of its president and outrage among students and alumni over a decision to charge tuition to undergraduates for the first time in the institution's 156 - year history.

The agreement ends the litigation over the new financial plan adopted by The Cooper Union's board of trustees in 2013 and allows for the continued sliding - scale scholarship model for undergraduate students while providing for continued steps to strengthen the governance of the institution and for evaluating the possibility for a return to a full - tuition scholarship model.

Finally, court orders and separation agreements are recognized by financial institutions; if you are applying for credit or loans, these documents provide proof of income if you are a support recipient.

Presenting herself as a legitimate — and wealthy — buyer, Carde would enter into lease - with - option - to - purchase agreements with homeowners, move in and then stop paying rent, according to an investigation by prosecutors and the state Department of Financial Institutions.

Line of Credit An agreement by a commercial bank or other financial institution to extend credit up to a certain amount for a certain time.

See the Alabama REALTORS ® Purchase Agreement Form for a useful provision allowing the seller to cancel the Agreement if the earnest money check is rejected by the financial institution.