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nominated account

 

Definitions from the Web

Nominated Account

Description:

A nominated account refers to an account that has been designated or chosen for a particular purpose or role. It is commonly used in financial contexts, where individuals or organizations select a specific account to conduct specific transactions or for other specified purposes.

Sample Sentences:

  • For online payments, it is essential to link a nominated account to ensure secure transactions.
  • The company nominated their savings account for receiving dividends from their investments.
  • He requested the bank to designate his current account as a nominated account for all business-related transactions.

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