lifeline account
Defined in 1 place of the United States Code.
The term “lifeline account” means any transaction account (as defined in section 461(b)(1)(C) of this title) which meets the minimum requirements established by the Board under this subsection.
Source
- 1994–200612 U.S.C. § 1834Banks and Banking · Reduced assessment rate for deposits attributable to lifeline accounts · for purposes of this section
The term "lifeline account" means any transaction account (as defined in section 461(b)(1)(C) of this title) which meets the minimum requirements established by the Corporation under this subsection.
Source
- 2006–present12 U.S.C. § 1834Banks and Banking · Reduced assessment rate for deposits attributable to lifeline accounts · for purposes of this section