Projected Net Charge-Offs definition
Projected Net Charge-Offs means Expected Charged Off Loan Volume, less Projected Recoveries.
Examples of Projected Net Charge-Offs in a sentence
Prior to the commencement of the Loan Processing Services, FMC shall make a Loss Reserve Account Deposit in the Loss Reserve Account for Projected Net Charge-Offs for the initial Pool.
With respect to each subsequent Pool, FMC shall deposit a Loss Reserve Account Deposit in the Loss Reserve Account equal to Projected Net Charge-Offs prior to the disbursement of the first Loan in such Pool.