GAAP BASIS definition

GAAP BASIS means that the computation of the applicable item or items shall be determined in accordance with generally accepted accounting principles consistently applied.
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Examples of GAAP BASIS in a sentence

  • VII-38 7.27.1 AUDITED FINANCIAL STATEMENTS (GAAP BASIS)..................................................

  • VII-38 7.27.1 AUDITED FINANCIAL STATEMENTS (GAAP BASIS) ....................

Related to GAAP BASIS

  • Fixed GAAP Date means the Issue Date; provided that at any time after the Issue Date, the Company may by written notice to the Trustee elect to change the Fixed GAAP Date to be the date specified in such notice, and upon such notice, the Fixed GAAP Date shall be such date for all periods beginning on and after the date specified in such notice.

  • Dry weight basis means 100 percent solids (i.e. zero percent moisture).

  • Consistent Basis in reference to the application of GAAP means the accounting principles observed in the period referred to are comparable in all material respects to those applied in the preparation of the audited financial statements of the Borrower referred to in Section 6.6(a).

  • U.S. GAAP means United States generally accepted accounting principles.

  • GAAP means United States generally accepted accounting principles.