Examples of Loss asset in a sentence
Loss asset has certain characteristics, for example, the lease payments have been overdue for more than 270 days.
A pattern of charge-offs in the wrong year, however, may result in revocation of the bank’s election by the Commissioner pursuant to para- graph (d)(3)(iv)(D) of this section.(C) Loss asset defined.
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A p a tt e rn of c har ge- offs i n t h e w r o n g y e ar , h oweve r , m ay r es u l t i n r evoc a t io n of t h e b an k’s elec t io n b y t h e Co mm issio n e r p ur s uan t t o p ara- g ra p h ( d)(3)( iv)(D) of t h is sec t io n .(C) Loss asset defined.
In cases of serious credit impairment, such assets should be straightway classified as doubtful (where value is more than 10% of liability) or Loss asset (where realizable value of the security is less than 10% of outstanding liability) as appropriate.
In addition, these weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable.The Loss asset quality rating encompasses assets that are considered uncollectible and of such little value that their continuance as assets of the bank is not warranted.
The Loss asset quality rating encompasses assets that are considered uncollectible and of such little value that their continuance as assets of the bank is not warranted.
Timer T2 now counts for 12 months and after 12 months, it records it in the blockchain and recategorizes it as Doubtful asset and runs till the bank categorizes it as a Loss asset.
AUCA is also included for structured review, as recovery efforts in these accounts may not have been fully exhausted.(ii) Further, there may be accounts which have deteriorated to Doubtful / Loss asset category due to mere passage of time and not due to deterioration of security and are still viable.
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