Float Earnings definition
Float Earnings means the earnings to be derived from monies on deposit in the MiSDU bank accounts while receipts are awaiting completed disbursement to the appropriate parties.
Examples of Float Earnings in a sentence
Under this special VCAP, the Service will treat a Float Agreement as being purchased at fair market value for arbitrage purposes if it has an upfront payment equal to at least 80 percent of the upfront payment determined using the float rate computed using the Forward Treasury Model (the “VCAP Float Earnings Amount”).