Earned Reserve definition
Earned Reserve means for any Financed Receivable which has been paid in full during a Reconciliation Period, the amount by which the amount(s) paid on such Financed Receivable exceeds the Advance made on such Financed Receivable.
Earned Reserve means for any Financed Receivable on which the Advance has been reduced during any Reconciliation Period, the amount (if any), as of the Reconciliation Date for such Reconciliation Period, by which (a) the product of the Advance Rate and the Receivable Amount of such Financed Receivable as of such Reconciliation Date exceeds (b) the outstanding amount of the Advance made on such Financed Receivable.
Examples of Earned Reserve in a sentence
Amount by which Net Earned Reserve exceeds Claims and taxes or fees for Qualifying Contracts calculated on an inception to date basis.
Amount by which Claims, taxes and fees exceed Net Earned Reserve for Qualifying Contracts.
Amount by which Claims and taxes or fees exceeds Net Earned Reserve for Qualifying Contracts.
Amount by which Net Earned Reserve exceeds Claims and taxes or fees for Qualifying Contracts.