Average Capital Base definition

Average Capital Base means the sum of the Portfolio value on each trading day divided by number of trading days in the Half Year. ‘Benchmark’ means a standard against which the Investor’s Portfolio can be measured. The term is used to indicate a minimum performance objective. ‘Business Day’ means a day on which banks are open for general banking business in Brisbane, but excluding Saturday, Sunday and public holidays.
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Examples of Average Capital Base in a sentence

  • Portfolio outperformance is the amount by which the Portfolio’s Rate of Return exceeds the Benchmark rate, multiplied by the Portfolio’s Average Capital Base over the Half Year.

Related to Average Capital Base

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each day in such period (as calculated by Agent as of the end of each respective day) divided by the number of days in such period.

  • Leverage Factor means the leverage factor in respect of a Series of ETP Securities as specified in the relevant Final Terms.

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by: