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What is a notice deposit?
Savings account (such as fixed or time deposit) on which the account holder is required to give a notice of withdrawal a specified number of days before making the withdrawal to avoid penalties. Also called notice deposit.
What does notice deposit mean?
Savings account (such as fixed or time deposit) on which the account holder is required to give a notice of withdrawal a specified number of days before making the withdrawal to avoid penalties. Also called notice deposit.
What is a notice account?
A Notice account is a type of savings account where — Money cannot be withdrawn immediately — Instead a notice has to be given to the bank of usually between 30 and 180 days (most though are between 30-90 days)
What is a 7-day call deposit?
7 Day Call Deposits. ... The 7-day call account is an alternative to investing funds into long term fixed deposit accounts. This account carries a higher rate of interest than ordinary savings accounts but gives the customer the flexibility of withdrawals provided that 7 days notice is given.
What is a withdrawal notice?
A notice of withdrawal is a notice given to a bank by a depositor. As its name implies, a notice of withdrawal states the depositor's intention to withdraw funds from an account. This notice applies to both time-deposit and negotiable order of withdrawal (NOW) accounts.
What's a notice of withdrawal?
A party may withdraw a Claim, Counterclaim, Reply or Third Party Notice at any time. Notifying the other parties. A party who withdraws a Claim, Counterclaim, Reply or Third Party Notice must promptly serve notice of this on all parties who were served with the Claim, Counterclaim, Reply or Third Party Notice.
What is a notice of withdrawal in a divorce?
Attorney Withdrawal During Divorce When an attorney takes a case, she files an entry of appearance with the court. This lets the court and other parties know the attorney represents one of the parties. The attorney is then ethically bound to handle the case until she is given leave by the court to withdraw.
What does motion to withdraw appearance mean?
Motion for Permission to Withdraw Appearance Law and Legal Definition. Motion for permission to withdraw appearance is a motion that is filed by an attorney to withdraw himself or herself from appearing for the party before court. Example of a state statute on the subject.
What does withdrawal mean in bank?
1. Bank withdrawal — the withdrawal of money from your account at a bank. Bank run — the concerted action of depositors who try to withdraw their money from a bank because they think it will fail. Withdrawal — the act of taking out money or other capital.
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