Common use of Single maturity CD Clause in Contracts

Single maturity CD. A single maturity CD will not automatically renew on the maturity date and won’t earn or be paid interest on or after that date.

Appears in 8 contracts

Sources: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement

Single maturity CD. A CD issued as single maturity CD will not automatically renew on and will not earn interest after the maturity date and won’t earn or be paid interest on or after that date.

Appears in 4 contracts

Sources: Agreement for Deposit, Agreement for Deposit, Agreement for Deposit