or "AIP" means any amounts paid out of the Heritage Plans other than: (i) Educational Assistance Payments; (ii) refund of contributions to a subscriber; (iii) the repayment of CESG, CLB, QESI, ACES and SAGES; (iv) the payment to, or to a trust in favour of, a Designated Educational Institution; and (v) a payment to a trust holding [..]

stands for the Alberta Centennial Education Savings Plan Grant, which was the grant from the Government of Alberta with the cumulative lifetime maximum of $800 per eligible beneficiary, which was discontinued effective July 31, 2015.

means the Education Savings Plan Enrollment Application for enrollment in the Heritage Plans and, if applicable, the Notice of Transfer to Self-Determined Option for enrollment in the Self- Determined Plan.

means the decrease in the number of the beneficiaries in the same beneficiary group due to failure to fulfill financial and educational commitments to the plan.

means the child nominated and enrolled in the Heritage Plans, or any individual substituted for that child, to whom Educational Assistance Payments will be paid provided that he or she will be eligible to receive such payments.

stands for the Canada Education Savings Grant which is the grant from the Government of Canada with the cumulative lifetime maximum of $7,200 per eligible beneficiary.

stands for the Canada Learning Bond which is the grant from the Government of Canada with the cumulative lifetime maximum of $2,000 per eligible beneficiary.

means the particular Education Savings Plan entered into by the subscriber.

means the funds contributed by the subscriber under an Education Savings Plan on behalf of a beneficiary, less Insurance Premiums, which funds are contributed to the Heritage Plans and become eligible for the government grants, but shall not include any amounts paid into the plan under or because of: (i) the Canada Education Savings Act or a Design [..]

means the account established by the Trustee in which the subscriber's contributions (less sales charges and Insurance Premiums, if applicable) and government grants are placed and in which Income is earned.