Sentences with phrase «lieu of a cash deposit»

Not exact matches

In addition, should my lent stock receive a dividend, the broker deposits «cash in lieu» of the dividend to my account (presumably having collected it from the borrower.)

In lieu of auto insurance, there are three alternatives for complying with this financial responsibility requirement: a cash deposit of $ 35,000 with the California Department of Motor Vehicles; a DMV self - insurance certificate, which is issued to owners of fleets of 25 or more vehicles; or a surety bond for $ 35,000, which can be obtained from an insurance company licensed to do business in California.

In lieu of liability auto insurance, drivers may also file cash deposits in the amount of $ 75,000 with the state treasurer.

In case you have purchased a liability in lieu of the bond or cash deposit, a certificate of due amount paid is a must!