Washington Agreement that Statement of Account is True, Correct and Settled

• Category: Contracts - Creditors
• State: Multi-State
• Control #: US-1107BG
• Format: Word; Rich Text

Description

A mineral lease is an agreement between a property owner and another party who is allowed to explore and extract minerals that are found on the property for a stated time. The property owner receives payments based on the value of the minerals that are extracted. In other words, a mineral lease is a right given to use land for the purpose of exploration for a particular period of time or indefinitely upon payment of royalties to the landowner. The Washington Agreement refers to an international pact signed in 1999 by several central banks and finance ministries regarding the management and sale of gold reserves. It was primarily implemented to ensure stability and transparency in the gold market. Within this context, the Statement of Account plays a crucial role in affirming that all financial transactions related to the Washington Agreement are indeed accurate, correct, and resolved. The Statement of Account serves as a comprehensive record detailing the relevant financial information associated with the Washington Agreement. It assures that all monetary aspects, including the purchase, sale, or transfer of gold reserves, have been properly documented, tracked, and settled. The purpose of this statement is to promote trust and confidence among participating entities and stakeholders. Keywords: Washington Agreement, Statement of Account, true, correct, settled, international pact, gold reserves, stability, transparency, financial transactions, accurate, comprehensive record, purchase, sale, transfer, documented, tracked, trust, confidence, participating entities, stakeholders. Additionally, there are no specific types of Washington Agreement that directly reference the Statement of Account being true, correct, and settled. However, variations and updates to the Washington Agreement over the years have emerged as amendments and renewed commitments to the original pact. Examples include the Second Washington Agreement in 2004 and the Third Washington Agreement in 2009. These subsequent agreements aimed to further coordinate gold sales and emphasize responsible management to foster stability in the global gold market. Nevertheless, regardless of any modifications, the underlying principles remain the same, ensuring accuracy and settlement through the Statement of Account.

The Washington Agreement refers to an international pact signed in 1999 by several central banks and finance ministries regarding the management and sale of gold reserves. It was primarily implemented to ensure stability and transparency in the gold market. Within this context, the Statement of Account plays a crucial role in affirming that all financial transactions related to the Washington Agreement are indeed accurate, correct, and resolved. The Statement of Account serves as a comprehensive record detailing the relevant financial information associated with the Washington Agreement. It assures that all monetary aspects, including the purchase, sale, or transfer of gold reserves, have been properly documented, tracked, and settled. The purpose of this statement is to promote trust and confidence among participating entities and stakeholders. Keywords: Washington Agreement, Statement of Account, true, correct, settled, international pact, gold reserves, stability, transparency, financial transactions, accurate, comprehensive record, purchase, sale, transfer, documented, tracked, trust, confidence, participating entities, stakeholders. Additionally, there are no specific types of Washington Agreement that directly reference the Statement of Account being true, correct, and settled. However, variations and updates to the Washington Agreement over the years have emerged as amendments and renewed commitments to the original pact. Examples include the Second Washington Agreement in 2004 and the Third Washington Agreement in 2009. These subsequent agreements aimed to further coordinate gold sales and emphasize responsible management to foster stability in the global gold market. Nevertheless, regardless of any modifications, the underlying principles remain the same, ensuring accuracy and settlement through the Statement of Account.