Define: Branch Deposit
Branch Deposit means a deposit, including accrued interest, made or assigned to any branch office, excluding specified excluded deposits
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Branch Deposit means a deposit, including accrued interest, made or assigned to any branch office, excluding specified excluded deposits.
Relevant Circumstances
- Opening of a new branch office.
- Restructuring of a financial organization.
- Establishment of a franchise.
- Acquisition of a business with branch deposits.
Relevant Sectors
- Banking Sector
- Retail
- Franchising
- Real Estate