gross capital definition
gross capital means total assets less total liabilities after adjustments,
gross capital means total reserves as shown in the balance sheet plus any subordinated liabilities as shown in the balance sheet.
gross capital means total assets less total liabilities after adjustments of the designated person and, at the optio n of the designated person and with the consent of the Commission, means in addition the value of any undertaking, indemnity, bond, letter of credit, guarantee and assurance in respect of which a certificate has been provided by an approved law firm confirming the legal enforceability of the obligation;
More Definitions of gross capital
gross capital means total assets less total liabilities after adjustments of the licensee;
gross capital means reserves as shown in the balance sheet plus any subordinated liabilities, subscribed capital, revaluation reserves and minority interests, where applicable, as shown in the balance sheet.
gross capital means Gross Capital Partners, LLC.