Discount Ratio definition
Discount Ratio means ninety percent (90%).
Discount Ratio means, as of any date of determination (and calculated as of the related Measurement Date) with respect to any Series, the ratio determined as (a) the related Group Pool Balance, divided by (b) the present value, calculated for such Series and each related Group Receivable using the applicable Discount Rate for such Series, of the remaining unpaid payments for the related Group Eligible Receivables.
Discount Ratio means a discount rate as designated by the Bank from time to time to be applied for the calculation of Maximum Subscription Amount, which varies with different funds and is subject to be changed by the Bank at its sole and absolute discretion.