FASB 140 definition

FASB 140 means the Financial Accounting Standards Board's Statement No. 140, entitled "Accounting for Transfers and Servicing of Financial Assets and Extinguishment of Liabilities", issued in September 2002.
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FASB 140 means Statement of Financial Accounting Standards No. 140, "Accounting for Transfers and Servicing of Financial Assets and Extinguishment of Liabilities"
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Examples of FASB 140 in a sentence

  • Any amendment contemplated by this Section 12.01 that adversely affects the status of the Trust Fund as a "qualifying special purpose entity" under FASB 140 shall require consent of the Holders of Certificates entitled to at least 51% of the Voting Rights (without regard to Certificates held by the Depositor, any Affiliate and/or agents of the Depositor, any Mortgage Loan Seller or any Affiliate and/or agents of any Mortgage Loan Seller) and the consent of the Directing Certificateholder.

  • Any amendment contemplated by this Section 12.01 that adversely affects the status of the Trust Fund as a "qualifying special purpose entity" under FASB 140 shall require consent of the Holders of Certificates entitled to at least 51% of the Voting Rights (without regard to Certificates held by the Depositor, any Affiliate and/or agents of the Depositor, any Mortgage Loan Seller or any Affiliate and/or agents of any Mortgage Loan Seller).

  • Permit the ratio of Debt (excluding, for this purpose only, (i) Debt arising under the Hedging Arrangements, to the extent of assets arising under the same Hedging Arrangements and (ii) Debt, other than any related Term Loan Advances, associated with any Securitization Transaction for which Borrower seeks and obtains financing treatment under FASB 140) to Tangible Net Worth of the Company (and its Subsidiaries, on a consolidated basis) at any time to exceed 11 to 1.

  • Recently adopted FASB No. 155 "Accounting for Certain Hybrid Financial Instruments - An Amendment of FASB Statements No. 133 and 140" and FASB No. 156 "Accounting for Servicing of Financial Assets - An Amendment of FASB 140" have no implications for the Company and are not expected to affect its reporting.

  • There are no beneficial interests (as such term is defined in FASB 140) in Borrower other than those in favor of WestPoint, Agent and Lenders.

  • Company is intended to and shall operate and function as a Qualified Special Purpose Entity ("QSPE") as that term is defined in the Statement of Financial Accounting Standards No. 140 ("FASB 140").

Related to FASB 140

  • FASB means the Financial Accounting Standards Board.

  • SFAS 140 means Statement of Financial Accounting Standards No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities.

  • FASB ASC means the Accounting Standards Codification of the Financial Accounting Standards Board.

  • Accounting Standard means GAAP.

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;