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.
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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”).

Related to Float Earnings

  • Investment Earnings means, with respect to any Payment Date, the investment earnings (net of losses and investment expenses) on amounts on deposit in the Trust Accounts to be deposited into the Collection Account on such Payment Date pursuant to Section 5.01(b) of the Sale and Servicing Agreement.

  • Net Investment Earnings With respect to the Certificate Account, the Servicing Accounts or the REO Account or Companion Distribution Account for any period from any Distribution Date to the immediately succeeding P&I Advance Date, the amount, if any, by which the aggregate of all interest and other income realized during such period on funds relating to the Trust Fund held in such account, exceeds the aggregate of all losses, if any, incurred during such period in connection with the investment of such funds in accordance with Section 3.06.

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.