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.
noun, plural grants-in-aid. 1. a subsidy furnished by a central government to a local one to help finance a public project, as the construction of a highway or school. 2. a financial subsidy given to an individual or institution for research, educational, or cultural purposes. Origin of grant-in-aid.