Define: Advance Consumption Deposit (ACD)
Advance Consumption Deposit (ACD) means a deposit serving as security for expected power consumption costs for [number] of billing cycles
Advance Consumption Deposit (ACD) means a deposit serving as security for expected power consumption costs for [number] of billing cycles.
Relevant Circumstances
- When an entity is laying aside funds to secure an obligation or transaction.
- When a business is setting up escrow funds for a transaction.