Monthly equivalent definition
Monthly equivalent means a monthly countable income amount established by averaging, prorating, or converting a person's income.
Monthly equivalent means a monthly income amount established by averaging, prorating, or converting a person’s income.
Monthly equivalent means, with respect to any amount: (a) if the Distribution Period is one Quarter, such amount divided by three (3); (b) if the Distribution Period is one Month, such amount; or (c) if the Distribution Period is any period other than one month or one quarter, such amount multiplied by a fraction equal to thirty (30) divided by the number of days in the Distribution Period.
Examples of Monthly equivalent in a sentence
In your case, the calculation is as follows: - Total Weekly Fee at start of this Contract £ AMOUNT LESS Contribution from your Representative, if any Contribution from local authority, if any FNCC, if any £ AMOUNT Your contribution £ AMOUNT Monthly equivalent (and amount of direct debit) £ AMOUNT 4.
More Definitions of Monthly equivalent
Monthly equivalent means in respect of the Commodity Toll Component of any Firm Liquids Recovery Service, a volume of Liquid Products equal to the product obtained by multiplying the Commodity Toll Component for any such service by the number of days in the month.