Certificate Value definition

Certificate Value means the aggregate of payments by a certificate holder on shares evidenced by such certificate, plus dividends credited thereto, less withdrawals thereon.
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Certificate Value. The sum of the Certificate Owner's interest in the Sub-accounts of the Variable Account and the Fixed Account during the Accumulation Period.
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Certificate Value means an amount determined by the Calculation Agent in accordance with the formula specified as such in the definition of the relevant Series in the applicable Final Terms, less Expenses, provided that the Certificate Value shall not be less than zero. The Certificate Value shall be rounded to the nearest two decimal places in the Settlement Currency, 0.005 being rounded downwards;
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Examples of Certificate Value in a sentence

  • During the Annuitant's life, upon written election and the return of this Certificate to the Company at its Annuity Service Center, the Certificate Value may be applied to provide one of the following options or any annuity payment option that is mutually agreeable.

  • On or before the Annuity Date and while the Participant is living, You may withdraw all or part of Your Certificate Value under this Certificate by informing Us at Our Annuity Service Center.

  • The dollar amount of the first Variable Annuity payment for each $1,000 of Adjusted Certificate Value is shown in the Annuity Tables.

  • A unit of measurement used to compute the Certificate Value in a Subaccount prior to the Annuity Date.

  • The Company may deduct from Your Certificate Value any premium tax or other taxes payable to a state or other government entity, if applicable.


More Definitions of Certificate Value

Certificate Value. The dollar value as of any Valuation Period of all amounts in a Certificate Owner's Account.
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Certificate Value means an amount determined by the Calculation Agent in accordance with the following formula, less Expenses:
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Certificate Value means the marked to market value of the Certificate immediately prior to the occurrence of the Credit Event expressed as a percentage of the Notional Amount of the Collateral Security Credit Certificate as determined by the Calculation Agent in its sole discretion and, in respect of such determination, that the Calculation Agent shall ignore the credit-linked component and credit linked provisions of the Collateral Security Credit Certificate for the purposes of such valuation.
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Certificate Value means the sum of a Certificate Owner's values in each Division of the Separate Account and in each Fixed Account option.
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Certificate Value means, unless otherwise specified in the definition of the relevant Series in the applicable Final Terms, an amount determined by the Calculation Agent in accordance with the following formula:
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Certificate Value means an amount determined by the Calculation Agent on each Trading Day after the Launch Date at the Valuation Time in accordance with the following formula:
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Certificate Value is equal to the sum of the Account Value of each of the Accounts.
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