1 Transfer of an individual SAVINGS ACCOUNT OF A âJointâ savings account if it is not an âand/orâ account. 2  Transfer of an individual SAFE DEPOSIT BOX or a safe deposit box in the name of other parties unless the ownership is taken as âorâ.  Transfer of each TITLE OF REAL ESTATE OWNERSHIP.
Sinking Fund Provision. A provision in some bond indentures requiring the issuer to put money aside to repay bondholders at maturity. In bonds with such a provision, a fund or account is set up into which a issuer deposits money on a regular basis to repay the bond when it matures. See also: Sinking Fund Bond.
DEFINITION of 'Grant-In-Aid'. A transfer of money from the federal government to a state government, local government or individual person for the purposes of funding a specific project or program. The federal government gets this money from income tax revenues. Grant money is not a loan, and does not have to be repaid, but it does have to be spent according to the federal government's guidelines for that particular grant.