Unapplied Funds Law and Legal Definition
Unapplied Funds is available money credited to a temporary holding (suspense) account, pending determination or instruction on the breakdown of how the money is to be allocated. Unapplied funds represent the amount of money that you have received from the customer, which has not been applied to any particular item or invoice surcharges.
Legal Definition list
Related Legal Terms
- Additional Funds Needed [AFN]
- Administrative Subdivision of Funds
- Administrative Takedown Funds [Transportation]
- Border Activity Funds [Transportation]
- Breakpoint [Mutual Funds]
- Broadly Diversified International Equity Funds
- Collective Investment Funds (CIFs)
- Contractual Commitment to Advance Funds
- Cost of Funds Index (COFI)
- Customer Funds
