Examples of Excess Collections in a sentence
Excess collections and under-levies arise from the difference between the actual levy made to cover each requisition (excluding allowances for costs associated with collecting the tax and non-payment of the tax as provided in the MGA section 359(2)) and the actual amount requisitioned.
The Board shall meet annually for the purpose of organization and the transaction of such other business as may properly be brought before the meeting.
Excess collections to fund bond payments will be put in a separate Bond Excess Fund account.
Excess collections go to the Treasury Department.In FY2017, $25 million was rescinded from the SEC reserve fund.
Excess Collections Excess collections are generally the excess of interest collections on the receivables over the various fees and expenses of the trust, including the servicing fee, unreimbursed servicer advances, unrelated amounts, amounts owed to the asset representations reviewer, unpaid indemnity amounts and transition expenses due to the indenture trustee should it become successor servicer below the $175,000 aggregate cap and interest payments on the notes.