In the following sentence,"you are allowed to draw money from
recurring qualified deposits",what is the exact meaning  of
"recurring"? Is it an ordinary word or part of a technical
expression?Is  "recurring qualified deposits" deriving from "recurring
deposits"?

I need a quick,informed and of course correct answer.Thanks.

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Request for Question Clarification by pafalafa-ga on 09 May 2005 04:40 PDT

Dr. Chung,

For its usage in other contexts, I would say the word 'recurring' has
a fairly ordinary meaning of regularly repeated, although its precise
meaning may be specifically defined by the institution to which the
deposits are being made.  And of course, without knowing which
institution this is, there's no way we can know how they define it.

It seems to typically refer to monthly deposits, though.

Here's an example definition that I found:


Q: What?s a Recurring Direct Deposit/Payroll Deduction? 

A: A recurring Direct Deposit or Payroll Deduction is a regular
electronic deposit of $200 or more per month to one of your CEFCU
Account(s). Social Security and Payroll Deposits are examples of
recurring Direct Deposits which may qualify you for a free Access
relationship.


Does that help?

Is the quotation in English perhaps a poor translation from another language?
If it is a translation and you can provide the statement in the
original language, that would help (especially if the the orig.
language text is binding, e.g., general business conditions, or the
like).

The context would help.

Hi myoarin-ga,

This is what it is in the original context and I cannot provide the
full context here.But you don't think this sentence is enough for you
to determine the meaning of "recurring"?

Hi dr_chung,
I will try, and then perhaps you will know if it agrees with what you
want, probably starting with what you already know, but to let you
follow my thinking:

"Recur" means to happen more than once.  Something occurs, then it recurs.
In whatever this context is, there are apparently repeated deposits,
"recurring deposits" that are qualified in some way.  "Qualified"
could mean different things, something that would have to be explained
previously in the text, and probably is.  It implies that there are
other deposits that are not "qualified" (from other sources perhaps ?)
which may not be withdrawn.

The "qualified deposits" are made repeatedly, "recurring", not
necessarily at regular intervals, but again and again.

As a retired bank employee with a little experience with stockbrokers'
accounts  - and a native English speaker -  I may be seeing the terms
in an entirely false situation.
I do not believe that "recurring" or "recurring deposits" are
technical expression (from my background).  And yes, I believe
"recurring qualified deposits" is derived from "recurring deposits".

I hope this is helpful.  As you know, this is not professional or
legal advice, and is also not an "answer" by a GA researcher who may
still post one.

I'll check back if you have questions.
Myoarin

PS.  Now it occurs to me what has been bothering me a little (as a banker).
It would be more usual to describe the deposits that may not be
withdrawn, "restricted deposits" (in banking, uncleared checks, for
example) the restriction being a "qualification" in another meaning of
the word:  "modification, limitation or restriction" (Webster's
Dictionary).
But this probably just indicates that I do not understand your context.

Hi Myoarin,

Thanks for your quick and conscientious response.Your opinions have
helped me,so I considered your comments as answer and I will pay for
it.So you may login again and write in your answer that "Please refer
to my earlier comments" and I will rate it as satisfactory and pay.Of
course you may if you like to supply more good new perspectives about
this question.

dr_chung-ga

Thank you kindly. I am glad to have been able to help.
Only a Google Answers Researcher  - e.g. Pafalafa-ga who posted the
request for clarification -  can post "answers".  You can recognize
their ennobled position in this society by their royal blue user name.
If you click on their name, you can see which questions they have responded to.

We humble (?) commoners do this for the ... (why do we do it?) the
thanks we receive*, which is why I especially appreciate that you
responded.
Myoarin

*  Hark, Hark!