Minneapolis Minnesota Account Agreement
Category:
State:
Multi-State
City:
Minneapolis
Control #:
US-C-770088-01
Format:
Word;
Rich Text
Instant download
Description
This is a sample Account Agreement. An account agreement is a legal agreement between a bank and a borrower outlining the terms and conditions of the bank acting as a securities intermediary. The bank maintains the securities and deposits of the borrower during the course of the agreement.
Account agreements can cover things like deposits and collateral used to secure financing, the duties and obligations of the bank or intermediary, and what kind of interest can accrue on the collateral or deposits. In addition, these agreements help define terms between parties, so expectations are clear. If termination of the contract is required, there are specified steps on how to complete that termination.
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