Ratio definition
Examples of Ratio in a sentence
The borrower’s monthly DTI Ratio shall be a percentage calculated by dividing the borrower’s monthly income by the borrower’s monthly housing payment (including principal, interest, taxes and insurance).
For each Qualifying Loan, the lender shall determine the net present value of the modified loan and, if it will exceed the net present value of the foreclosed collateral upon disposition, then the Qualifying Loan shall be modified so as to reduce the borrower’s monthly DTI Ratio to no more than 31% at the time of the modification.
If the Screening Assessment for a conditionally admitted Participant results in a Response Ratio of less than one, then, as promptly as feasible following the Screening Assessment, the WFRSG Committee will convene a meeting to vote on whether to permit the Participant to continue as a Signatory and participate in the Western Frequency Response Sharing Group during the upcoming Operating Year (an “Admission Confirmation Vote”).
Any existing Participant that has a Response Ratio of less than one according to the provisions set forth in Attachment D to the WFRSG Operating Rules will be subject to Section 3.7.
The NWPP Corporation’s delivery to all Participants of the results of a Screening Assessment indicating a Participant has a Response Ratio of less than one as described in Section 2.1 of this Exhibit G or a requesting Participant’s delivery of a notice under Section 2.2 of this Exhibit G will constitute notice for purposes of this Section 3.2.