FAL definition

FAL means funds at Lloyd’s supporting underwriting as a member of the Syndicates for any applicable year of account as required by Lloyd’s pursuant to Lloyd’s Rules;

FAL means the law or laws respecting financial administration of the First Nation;

FAL funds at Lloyd’s in such form as is determined by Lloyd’s in accordance with, inter alia, the Membership and Underwriting Conditions and Requirements (Funds at Lloyd’s) (as amended or replaced from time to time);

Examples of FAL in a sentence

• FAL has regard to a number of factors including the nature and amount of risk to be underwritten by the member and the assessment of the reserving risk in respect of business that has been underwritten.

• The level of FAL that Lloyd’s requires a member to maintain is determined by Lloyd’s based on PRA requirements and resource criteria.

• However, the managing agent is able to make a call on the members’ FAL to meet liquidity requirements or to settle losses.

• Since FAL is not under the management of the Managing Agent, no amount has been shown in these financial statements by way of such capital resources.

• Since FAL is not under the management of the managing agent, no amount has been shown in these financial statements by way of such capital resources.

More Definitions of FAL

FAL means Sipekne’katik Financial Administration Law;

FAL has the meaning set forth in the preamble.

FAL means facilitation.

FAL or "FUNDS AT LLOYD'S" has the meaning given to that term under the Lloyd's Membership Byelaw (No. 5 of 2005);

FAL or “the Transferor Company” means Future Agrovet Limited, a company incorporated under the Companies Xxx, 0000, and having its Registered Office at Knowledge House, Shyamnagar, Off Jogeshwari Vikhroli Link Rd Jogeshwari (E), Mumbai-400060;

FAL has the meaning given to the term "Funds at Lloyd's" in paragraph 16 of Lloyd's Membership Byelaw (No. 5 of 2005);

FAL means the two manufacturing lines previously designed and constructed by Landlord on the Parcel.