Define: Premium Account
Premium Account means a specially designated account, created and maintained for the benefit of specific [party/parties], where funds are regulated by a [clause].
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Premium Account means a specially designated account, created and maintained for the benefit of specific [party/parties], where funds are regulated by a [clause].
Relevant Circumstances
- Establishing a new financial account
- Investment and banking relationships
- When a party needs to hold funds in trust for beneficiaries
Relevant Sectors
- Banking & Finance
- Wealth Management