Interest or income definition

Interest or income means unrealized net appreciation or loss in the fair value of cemetery merchandise, funeral merchandise, and funeral services trust assets for which a market value may be determined with reasonable certainty, plus the return in money or property derived from the use of trust principal or income, net of investment losses, taxes, and expenses incurred in the sale of trust assets, any cost of the operation of the trust, and any annual audit fee. “Interest or income” includes but is not limited to:
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Interest or income means, for the purpose of determining pursuant to Iowa Code section 523A.1, as amended by 1987 Iowa Acts, House File 614, the amount of interest or income earned on amounts deposited in trust, the aggregate of any payments received by the trust for the use of its money (interest earned on loans, bank deposits, etc.) and any income realized with respect to trust assets (gains from the sale of stock, dividends, etc.) net of losses and expenses and shall not include any appreciation or depreciation in the value of assets which does not affect the trust’s current tax liability, which are commonly known as “paper” gains or losses.
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Interest or income means unrealized net
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Examples of Interest or income in a sentence

  • Interest or income earned on the funds credited to the Reserve Fund shall be deemed to be part of the Reserve Fund.

  • The IBGC may not withdraw funds from the Reserve Fund except as is provided for in this Agreement Interest or income earned on the funds credited to the Reserve Fund shall be deemed to be part of the Reserve Fund.

  • Interest or income earned on the funds in the Reserve Fund shall be deemed to be part of the Reserve Fund.

  • Interest or income earned on fund proceeds is retained by the school as part of the Xxxxxxx Loan Fund.

  • Interest or income received by the Trustee on the investment of money held in the Payment Account shall be retained in that account for the purpose of making Bond Payments.

  • Interest or income earned on advances under the agreement are not considered program income and must be remitted to U.S. Department of Treasury via HUD.

  • Interest or income from debt-claims arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.

  • Interest or income earned on fund proceeds are retained by the school as part of the Xxxxxxx Loan Fund.

Related to Interest or income

  • Interest Income means interest earned on the Funding;

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, the sum of (i) the Monthly Interest Distributable Amount for that Class and (ii) the Unpaid Interest Shortfall Amount for that Class.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Class A Interest Distributable Amount means, with respect to any Distribution Date and each class of Class A Notes, an amount equal to the sum of: (i) the aggregate amount of interest accrued on the Class A Notes at the related Note Rate from and including the preceding Distribution Date (or, in the case of the initial Distribution Date, from and including the Closing Date) to but excluding the current Distribution Date plus (ii) the related Class A Interest Carryover Shortfall for the current Distribution Date.

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Consolidated Interest Income means, with respect to any period, total interest income of the Borrower and its Subsidiaries, determined on a consolidated basis in accordance with GAAP for such period.

  • Prepayment Interest Excess Amount With respect to any Principal Prepayment in full which is applied to the related Mortgage Loan from the first day of the month of any Remittance Date through the sixteenth day of the month of such Remittance Date, all amounts paid in respect of interest on such Principal Prepayment in full. A Prepayment Interest Excess Amount cannot result from a Principal Prepayment in part, but only from a Principal Prepayment in full.

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Interest Basis has the meaning given to it in the applicable Final Terms;

  • Other Income means money received by a licensed manager from sources other than over the counter and machine sales.

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Interest Portion means that portion of Trust Bond Loan Repayments payable by a Borrower under such Borrower’s Loan Agreement that is necessary to pay any such Borrower’s proportionate share of interest on the Bonds (i) as set forth in Exhibit A-2 of any such Loan Agreement under the column heading entitled “Interest”, or (ii) with respect to any prepayment or acceleration, as the case may be, of Trust Bond Loan Repayments in accordance with Section 3.07 or 5.03 of any such Loan Agreement, to accrue on any principal amount of Trust Bond Loan Repayments to the date of the redemption or acceleration, of the Bonds allocable to such prepaid or accelerated Trust Bond Loan Repayment.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class A Interest Distribution Amount means, as to each Class of Class A Certificates and any Remittance Date, the sum of the amounts specified in clause (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v) and (a)(vi), as appropriate, of the definition of the term "Class A Formula Distribution Amount" and the Unpaid Class A Interest Shortfall, if any, with respect to such Class.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.