Aggregate funding definition
Aggregate funding means the gross amount (i.e. not netting any form of credit extended to the legal entity) of all forms of funding (e.g. deposits or debt securities for which the counterparty is known to be a small business customer). In addition, applying the limit on a consolidated basis means that where one or more small business customers are affiliated with each other, they may be considered as a single creditor such that the limit is applied to the total funding received by the bank from this group of customers.
Examples of Aggregate funding in a sentence
Aggregate funding under such PRELIMINARY WORK PLANS for the first five (5) YEARS shall not exceed one million dollars ($1,000,000) per YEAR without the consent of both PARTIES.