Future interest definition

Future interest means an interest that takes effect in possession or enjoyment, if at all, later than the time of its creation.

Future interest means an interest that takes effect in possession or enjoyment,

Future interest means an interest that takes effect in possession or enjoyment, if at all, later than the time of its creation.[PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).]

Examples of Future interest in a sentence

• Future interest income continues to be accrued based on the reduced carrying amount of the asset, using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss.

• Future interest income is based on the reduced carrying amount and is accrued using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss.

• Future interest income continues to be accrued based on the reduced carrying amount of the asset and is accrued using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss.

• Future interest accretion has been recorded as bond discount and amortized as the current interest accretes.

• Future interest income continues to be accrued based on the reduced carrying amount of the asset using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss.

More Definitions of Future interest

Future interest means an interest that takes effect in possession or enjoyment, if at all, after the time of its creation.

Future interest means an alternative future interest or a future interest in the form of a class gift.

Future interest means an estate in reversion or remainder or other vested or contingent interest in property which is yet to entitle immediate possession of the property;

Future interest means an interest that takes

Future interest means an interest that takes effect in

Future interest. Expense shall mean at any time the sum of (a) the consolidated projected interest expense on Consolidated Debt. For purposes of this definition, the projected interest expense with respect to any Debt shall be calculated by multiplying the outstanding principal amount of such Debt at the date of calculation by the annualized interest rate then applicable to such principal amount and subtracting therefrom, for each mandatory reduction of such principal that is scheduled to occur within such four Fiscal Quarters, the corresponding portion of such interest. GAAP shall mean generally accepted accounting principles in the United States of America as in effect from time to time.

Future interest means an estate in reversion or remainder or other vested or contingent interest in property which is yet