ERRV definition
ERRV means, with respect to a Portfolio Pool as of any date of determination, the expected remaining recovery value of the Portfolio Obligations comprising such Portfolio Pool, as determined as of such date by Lender in its Permitted Discretion.
Examples of ERRV in a sentence
In addition to ERRV, we use a hash function h, based on congruences modulo prime numbers.
Each ERRV Projection delivered to Lender by Borrower with respect to a Portfolio Pool represents Borrower's good faith best estimate of the estimated remaining recovery value of such Portfolio Pools as of the effective date thereof.
Let λ and c be the constants guaranteed by Lemma 4.1, let s = (1/ǫ) · 2c+1 · D, where D = 2d = 2O(log (n/ǫ)) is the degree of the ERRV extractor, and let t = (1/ǫ) · s · n2.
Our training modules include OODTP for ERRV (OPITO approved) and STCW.