Year of Account definition

Year of Account means an underwriting year of account as defined in Lloyd’s Regulations.
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Year of Account means, in relation to a licensee, his financial year;
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Year of Account means, in relation to a licensee, his financial years;
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Examples of Year of Account in a sentence

  • Within two (2) months of the close of the first half of its Accounting Year of account, prepare and transmit to the Participants and the Commission a profit and loss account for and a balance sheet as at the end of that half year, whether audited or otherwise, in respect of each Sub-Fund, in accordance with the Rules.

  • Within the stipulated terms as specified by the commission from time to time at the close of the first half of its Accounting Year of account, prepare and transmit to the Participants and the Commission a profit and loss account for and a balance sheet as at the end of that half year, whether audited or otherwise, in respect of each Sub-Fund, in accordance with the Rules.

  • Within the stipulated terms as specified by the Commission from time to time at of the close of the first half of its Accounting Year of account, prepare and transmit to the Participants and the Commission a profit and loss account for and a balance sheet as at the end of that half year, whether audited or otherwise, in respect of each Sub-Fund, in accordance with the Rules.

  • Year of account result development The table below presents the annual results for each year of account until the earlier of the current year end and closure of the year of account by reinsurance to close.

  • The following rates, fees and charges apply when using an overdraft: Year of account *EAR stands for Effective Annual Rate and represents the yearly cost of an Arranged or Unarranged Overdraft, which takes into account of how often we charge interest to the account and does not include any other fees or charges.**APR stands for Annual Percentage Rate and shows the overall cost of credit as an annual rate charge.

  • The Lloyd’s Syndicate Accounting Byelaw (No. 8 of 2005) requires the aggregation of movements in each of the three calendar years for any Underwriting Year of account.

  • The following rates, fees and charges apply when using an overdraft: Year of account Arranged Overdraft Limit Arranged Overdraft Interest Rate *EAR stands for Effective Annual Rate and represents the yearly cost of an Arranged or Unarranged Overdraft, which takes into account of how often we charge interest to the account and does not include any other fees or charges.**APR stands for Annual Percentage Rate and shows the overall cost of credit as an annual rate charge.

  • Coverys is the Lloyd’s Managing Agent which manages the Syndicates on which the Group participates historically and for the 2018 Year of account.

  • The licensee shall keep proper accounts of subsidy in such a manner as approved by the Commission and render the same to the Commission within 30 days of the closure of the Year of account.

  • Legal status of the company Limited liability company (OOO) Registration number, date, place 1056000426371 December 21, 2005 Russia, Pskov Region Adrese Zonalnoje sosse 44a, Pskov, Russia 180007 Main types of business Purchase of timber Owners of the company Joint-stock company Saldus mežrūpniecība – 100 % Year of account January 1- September 30, 2009 2.


More Definitions of Year of Account

Year of Account means a year which is accounted for as a separate underwriting venture of a syndicate under Lloyd’s system of account
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Year of Account means a period of twelve months commencing on the first day of April of a Calendar year.]
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Year of Account means any period required by Article 49 to be included in an annual return of the credit union.
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Year of Account means the year in which an insurance or reinsurance contract that is underwritten by a syndicate is allocated for accounting purposes and into which all premiums and claims arising in respect of that contract are payable.
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Year of Account means the twelve months for which the accounts of the Companies are made up pursuant to the provisions of this Proclamation.
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Related to Year of Account

  • year of assessment means the period of 12 months commencing on 1st January 1948, and each subsequent period of 12 months.

  • Year of Eligibility Service means where an Employer designates a one or two 12-consecutive-month eligibility waiting period, an Employee must complete at least 1,000 Hours of Employment during each 12-consecutive-month period (measured from his date of Employment and then as of the first day of each Plan Year commencing after such date of Employment); provided, however, if an Employee is credited with 1,000 Hours of Employment in both the initial eligibility computation period and the first Plan Year which commences prior to the first anniversary of the Employee's employment commencement date, the Employee will be credited, for eligibility purposes, with two Years of Eligibility Service. Where an Employer designates an eligibility waiting period of less than 12 months, an Employee must, for purposes of eligibility, complete a required number of hours (measured from his date of Employment and each anniversary thereafter) which is arrived at by multiplying the number of months in the eligibility waiting period requirement by 83 1/3; provided, however, if an Employee completes at least 1,000 Hours of Employment within the 12 month period commencing on his Employment commencement date or during any Plan Year commencing after such Employment commencement date, such Employee will be treated as satisfying the eligibility service requirements.

  • Financial Year means a year commencing on and including the 1st day of July;

  • Year of the Term as used herein shall mean each twelve-month period commencing on (START DATE).

  • Earnings Account means, in relation to a Ship, an account in the name of the Borrower owning that Ship with the Account Bank designated as the Earnings Account for that Ship, or any other account (with the Account Bank or the Agent or with another bank or financial institution acceptable to the Majority Lenders) for the purpose of receiving all charter hire and other amounts paid under the relevant Time Charter;

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Annual Accounts means the accounts of the licensee prepared in accordance with the provisions of the Companies Act, 1956 and/or in such other manner as may be directed by the Commission in terms of the provisions of the Act;

  • Year of Service means the computation period of twelve (12) consecutive months, herein set forth, during which an Employee has at least 1000 Hours of Service.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Year of Vesting Service means a vesting computation period during which you complete 1,000 hours of service during the Plan Year.

  • Year of Participation means a Plan Year in which the Participant was eligible for an allocation of Employer contributions, irrespective of whether the Employer actually contributed to the Plan for that Plan Year.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Earnings Accounts means the bank accounts of each of the Obligors from time to time each of which shall be held with the Agent or any of the Agent’s corresponding banks and to which all the Earnings and any proceeds of the Insurances shall be paid.

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • Plan Year means the calendar year.

  • completed year of service means continuous service for one year;

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • old financial year means the financial year of an issuer that immediately precedes a transition year;

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;

  • Accounting Periods means each month.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Accounting Period means a period ending on and including an accounting date and commencing (in case of the first such period) on the date on which the Trust Property is first paid or transferred to the Trustee and (in any other case) from the next day of the preceding accounting period.

  • Fiscal Year means the fiscal year of the Company.