ECI definition
Examples of ECI in a sentence
A U.S. taxpayer identification number is required for any institution submitting a Form W-8 ECI.
This escalation factor will be the average annual Bureau of Labor Statistics (BLS) Economic Cost Index (ECI) for the previous three years.
Each Certificate presented or surrendered for registration of Transfer or exchange shall be accompanied by a written instrument of transfer and accompanied by IRS Form ▇-▇ ▇▇▇, ▇-▇ ECI or W-9, as applicable, in form satisfactory to the Owner Trustee and the Certificate Registrar, duly executed by the Certificateholder or his attorney duly authorized in writing.
For example, if the BLS ECI index was 2.23% at time of proposal submission and the BLS ECI index is 3.16% in Year 5 of OASIS SB, the ceiling rates for years 6 through 15 will be adjusted by 0.93% per year on a cumulative basis.
If BLS ECI index in Year 5 of OASIS SB is equal to or below the BLS ECI index at time of award, the ceiling rates will remain unchanged.