Mean Balance definition

Mean Balance. - shall mean the mean balance of an account or of the assets of the trust fund during a plan year which shall be calculated as the balance in such account, or the value of the assets of the trust fund, at the beginning of the plan year, plus one- half of the excess of the total income of the account, or the trust fund in the plan year, over the total disbursements from the account or the trust fund during the plan year.
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Related to Mean Balance

  • Loan Balance means, at any time, the outstanding principal balance of the Note at such time.

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • In Balance means, on any occasion, that the amount of the undisbursed Limited Partner's Capital Contribution are sufficient in the Limited Partner's reasonable judgment to pay, through Completion of Construction, all of the following sums: (a) all costs of construction, marketing, ownership, maintenance and leasing of the Apartment Housing units; and (b) all sums payable under the Construction documents.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.