Sentences with phrase «funds held in»

Franchisor Sutton Group Realty Services claimed, on behalf of its salespeople, that commissions were not assets but rather were funds held in trust for the benefit of salespeople, to be paid to them upon the completion of real estate transactions.

(b) A broker, who has a good faith doubt as to whom is entitled to any trust funds held in the broker's escrow account, must provide written notification to the Commission within 15 business days after having such doubt and must institute one of the settlement procedures as set forth in Section 475.25 (1)(d) 1.

The foundation gives back by leveraging the interest on funds held in trust during a real estate transaction.

A qualified escrow account is where your escrow agreement with the qualified intermediary expressly limits your rights to receive, pledge, borrow or obtain any benefits from funds held in the escrow account, but the funds are held in your name and not the name of the qualified intermediary.

Funds held in the Building Fund shall be deposited in such depositories and in such manner as the Board of Directors may designate and direct or invested in such manner as is consistent with the investment policies for the Building Fund approved by the Board of Directors of the National Association.

The collection of white hat hackers, calling themselves the Robin Hood Group, apparently attempted to dump DAO funds they held in ETC in an attempt to undermine the cryptocurrency by crashing its price.

On June 17, 2016, someone exploited a known loophole in The DAO (a vulnerability in the default smart contract code) and drained one - third of the funds held in The DAO.

The Funds held in those accounts would be returnable to Coinbase's customers.»

BTCC DAX offers customers a secure crypto trading experience, with customers» funds held in cold - storage.

«This meant that the ownership of money on the blockchain could not be considered as the independent source of truth due to the dependency on, and management of, the funds held in a Client Money Account.»

A while later, the value of the mutual funds held in the annuity declines to $ 95,000.

In some cases, cash value insurance, specifically whole life insurance, features a minimum rate of return guarantee on funds held in a policy's cash account.

The payment for purchase should be made out of either (i) funds received in India through normal banking channels by way of inward remittance from any place outside India or (ii) funds held in any non-resident account maintained in accordance with the provisions of the Act and the regulations made by the Reserve Bank.

The Federal Deposit Insurance Corporation (FDIC) will now be providing coverage to funds held in the mobile wallet.

Funds held in 401 (k) and IRA accounts do not have to be reported as assets on the FAFSA.

That's considerably less than the 20 percent rate on funds held in checking and savings accounts that are held in a child's name.

Trust accounting in QuickBooks is a little tricky and needs to be tracked using specific procedures in order to get good reporting for the Funds Held in Trust (escrow) detail by client.

Funds held in trust include funds held in any fiduciary capacity in connection with a representation, whether as trustee, agent, guardian, executor or otherwise.

(a) Active members of the State Bar of Nevada shall deposit all funds held in trust in this jurisdiction in accordance with S.C.R. 165 in accounts clearly identified as «trust» or «escrow» accounts, referred to herein as «trust accounts,» and shall take all steps necessary to inform the depository institution of the purpose and identity of the accounts.

The available funds held in trust are completely separate from compensation provided through Common Experience Payments, Independent Assessment Payments and Personal Education Credits.

The Law Foundation of BC is a non-profit foundation created by legislation in 1969 to receive and distribute the interest on clients» funds held in lawyers» pooled trust accounts maintained in financial institutions.

Our state is enjoying a strong real estate market, and over half of the IOLTA receipts were garnered from funds held in escrow for real estate transactions.

What we have to do is first prepare the chart of accounts so that there's a sub-account under «funds held in trust» for that client.

In this article, I offer a few tips to make sure you have proper accounting procedures in place for handling client funds held in your IOLTA account.

We'll name it for the client: «Sample Client» — and then the key thing is to make it a sub-account under the «funds held in trust» liability account.

This increase is due to the existence of more funds held in IOLTA accounts rather than an increase in interest rates paid by banks.

Now, we have a sub-account and as we take money from clients, sub-accounts will appear under the «funds held in trust» and we can immediately see how much money out of the bank account we account for which client.

The Law Foundation is a non-profit foundation that receives and distributes the interest on clients» funds held in lawyers» pooled trust accounts.

In doing so, he would have respected any obligations arising from solicitor - client privilege to maintain the confidentiality of the funds and he would have abided by the terms of the Mareva order not to transfer funds held in trust for Mr. Sabourin.»

With the recent meltdown of financial institutions, some lawyers have been wondering whether and how client funds held in a lawyer's IOLTA account are be covered by FDIC insurance in the event of a bank failure.

They knew or ought to have known about a fictitious directors» loan account through which Shaid Luqman had transferred funds in breach of the various loan agreements; about sales of property to companies controlled by him and about his misuse of the loan funds held in two other accounts.

Regulated by the CFTC and based in Chicago, with member funds held in segregated accounts in major US banks, Nadex offers secure and innovative ways to participate in the markets.

If and when a cardholder does not make their regular payments on a Secured Credit Card, the card issuer can choose to use the funds held in the security deposit to cover the defaulted amounts.

All it takes is $ 5 to open the account and you can start earning 0.90 % APY on all funds held in the account.

Year - end distributions Find the Fidelity mutual funds you held in 2017 in these charts of year - end distribution information.

Bank funds held in term deposits at the Fed would not be available for the federal funds market.

The Interest rate of 3 % and 7.5 % is for funds held in regular savings account that are denominated in Rupee.

if the debt relief provider requests or requires the customer to place funds in a dedicated bank account, that the customer owns the funds held in the account and may withdraw from the debt relief service at any time without penalty, and receive all funds remitted to the account.

Returns are calculated net of fees, include dividend reinvestment, and reflects cash drag (funds held in cash or cash equivalents).

NRIs Trade Derivatives: Non Resident Indians including — NRIs, PIOs & OCIs can trade in Derivatives Segment out of the Rupee funds held in India on non-repatriable basis (NRO).

Instead of a straight forward breakdown of companies that are held within a fund, I have a breakdown of funds held in the fund and these particular funds may have other funds within them... Seems to be like a «house of cards» or like «peeling an onion»....

(The study also includes a third possibility, doing the conversion and paying taxes from the funds held in the traditional IRA.

In general, the higher this number, the better for funds held in taxable accounts.

Authorised Dealers may allow their branches / correspondents outside India to grant loans to or in favour of non-resident depositor or to third parties at the request of depositor for bona fide purpose against the security of funds held in the NRE / FCNR (B) accounts in India, subject to usual margin requirements.

The portfolio, weights and expense ratios of the funds held in the portfolio are listed below.

A demand deposit consists of funds held in an account from which deposited funds can be withdrawn at any time from the depository institution, such as a checking or savings account, accessible by a teller, ATM or online banking.

Note that the equity funds held in the wrap are fundamental ETFs, which tend to be more expensive than traditional index funds.

Funds held in 401 (k) and IRA accounts do not have to be reported as assets on the FAFSA.

Last week in an article in the Globe and Mail, Clare O'Hare revealed that 83 % of funds held in discount brokerage accounts pay a trailer free.

It is more difficult for your home government to freeze / confiscate funds held in a foreign jurisdiction.