LCF Adjustment definition
LCF Adjustment means, for any Accounting Period, the amount computed and recorded in Line AP of Schedule B, for such Accounting Period.
Examples of LCF Adjustment in a sentence
Each Accounting Period subsequent to the initial Accounting Period, the Loss Carry Forward will be determined as the sum of (i) the Loss Carry Forward as of the end of the previous Accounting Period plus (ii) the LCF Interest for the current Accounting Period less (iii) the LCF Adjustment for the current Accounting Period.
If the Experience Refund is a negative amount for the current Accounting Period, then no Experience Refund will be payable for the current Accounting Period and the absolute value of any negative amount will be added to the Loss Carry Forward as part of the LCF Adjustment.