Pool Business definition

Pool Business means a collection of mortgages with similar rates and terms which are often securitized by dividing the pool into bonds backed by the payments of principal and interest into the pool by borrowers. Pool insurance typically covers the loss on a defaulted mortgage loan included in the pool, which is in excess of the loan’s primary coverage, as well as the total loss on a defaulted mortgage which does not require primary coverage. Pool insurance may have a stated aggregate loss limit for a pool of loans or a deductible under which no loss is paid by the insurer until the deductible is exceeded.
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Pool Business has the meaning set forth in the second recital.
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Examples of Pool Business in a sentence

  • The commitment under paragraph one shall not contain any limitation of liability of the Futures Pool Business Operator and of the supervisor which is of the nature that is unfair to the investors.

  • The application for and the issuance of a license to operate the business under paragraph one shall be in accordance with the principles, procedures, and conditions prescribed by the AFTC.In issuing a license, the Secretary-General may impose conditions on the conduct of the Futures Pool Business.The establishment and the management of a Futures Pool Business under this Part shall not be subject to the law governing securities and securities exchange.

  • The WSCC Pool Business Rates Bicycle Funding Specific Reserve was approved at Outturn 2018/19.

  • However, the Jubilee Pool Business Plan did make reference to contacting neighbouring parishes to ascertain if they would be prepared to provide funding for the pool in order to allow similar concessions to be provided to their residents.

  • PurposeSouthwest Power Pool Business Practices Working GroupScope October 15-16, 2019 The Business Practices Working Group (BPWG) is responsible for discussing issues surrounding the development and implementation of SPP’s OATT Business Practices.

  • HL Deb 22 May 2018 vol 791 c993 In his opening speech, Lord Stevenson asked several questions about the design of the cap:• I start with the question of why the Bill does not provide any direction from the Secretary of State on what might be a preferred level for the cap.

  • RECOMMENDATION: That Council adopt Option 2, as outlined in the Draft WestPymble Pool Business Strategy.

  • We have shown the analysis of both new-key and old-key values in graphical form.Tables 1, 2, 3 below show the values that are used in this experiment.

  • You agree not to resell or make commercial use of Mobile Banking for your profit.

  • Southwest Power Pool Business Practices Working GroupDeleted: CharterScopeDeleted: October 27, 2015[Insert Effective Date]Deleted: ¶Purpose The Business Practices Working Group (BPWG) is responsible for discussing issues surrounding the development and implementation of SPP’s OATT Business Practices.

Related to Pool Business

  • Principal Business means the primary activity as determined by analyzing the amount of capi- tal, labor, time, attention, and floor space devoted to each business activity and by analyz- ing the sources of net income and gross income. The name, appearance, and advertising of the entity may also be taken into consideration if they are given less weight.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Local Business means a business serving as a contractor as defined in Business and Professions Code section 7026 or a business supplying construction-related materials that has its principal headquarters or permanently staffed regional office and that has held a business license within the zip codes listed above for Local Hire for a minimum of three months prior to the date the entity submits a bid, contract, or proposal for a Public Project. A Local Business contractor must also be properly registered with the Department of Industrial Relations in accordance with Labor Code section 1725.5. Local Business shall also mean any state or nationally certified minority-owned, women-owned, or disabled veteran business that has performed work for the District or other public agency within the zip codes listed above for Local Hire during the past four years. Certification for a disabled veteran business must be provided to the District. Local Business shall also mean a business that participates in an internship program that is currently approved or recognized by the District. The entity may also apply to obtain District approval of its internship program. The internship program must be approved by the District and must be completed by the end of the specific Public Project or by the next semester immediately after completion of the specific Public Project. Local Business shall also mean any entity that uses apprentices from a District approved apprenticeship program.

  • special business means all business transacted at a special meeting of shareholders and all business transacted at an annual meeting of shareholders, except consideration of the financial statements, auditor's report, election of directors and reappointment of the incumbent auditor;

  • Trust business means the business of acting as trustee, executor or administrator;

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Retail business means a business which sells its product directly to a consumer.

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Business has the meaning set forth in the Recitals.

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Eligible business means a business located within the counties of Cook, DuPage, Kane, Lake, McHenry or Will in the State of Illinois (the “Six County Region”), and as to which: (1) a majority of the business' fleet is located and used within the Six County Region; and (2) a majority of those vehicles located and used within the Six County Region are alternatively powered vehicles.

  • Company Business means the business of the Company as presently conducted.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Relevant Business means any business or part thereof howsoever carried on involving the supply of Restricted Goods and/or Services;

  • Separate Business means each of the activities of the Licensee connected

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Micro Business means a company which either:

  • Minority Business means a business:

  • Excluded Business has the meaning set forth in Section ‎9.1.1.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.