MVA Factor definition

MVA Factor means the percentage of the MVA specified as such or, if none, 50 per cent.
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MVA Factor means the percentage of the MVA specified as such or, if none, 50%
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Examples of MVA Factor in a sentence

  • Interest MVA Indices – The indices used to determine the rates used to calculate the Strategy Interest MVA Factor.

  • Strategy Index MVA Factor – The factor used, in combination with the Strategy Interest MVA Factor, to calculate the Strategy MVA.

  • Strategy Interest MVA Factor – The factor used, in combination with the Strategy Index MVA Factor, to calculate the Strategy MVA.

  • Interest MVA Term – The period beginning on the Effective Date and renewing for the same time period, stated on the Contract Data Page, during which the Interest MVA Factor will be calculated.

  • The MVA Factor will either be less than 1 (in which case the amount distributed will be decreased) or greater than 1 (in which case the amount distributed will be increased).

  • Interest MVA Term – The period beginning on the Effective Date and renewing for the same time period, ILVA-RIA-Core 6 stated on the Contract Data Page, during which the Interest MVA Factor will be calculated.

  • If the MVA Factor is exactly 1, the amount distributed will neither be increased or decreased.