Surplus reserve definition

Surplus reserve means the amount traditionally set aside by insurers to provide financial protection from unex- pected losses and to serve, in part, as a measure of an insurer's net worth.
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Surplus reserve means the amount traditionally set
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Surplus reserve means the amount traditionally set aside by
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Examples of Surplus reserve in a sentence

  • Surplus reserve accrued 2.Appropriations to general risk provisions 3.Distribution to owners (shareholders) 4.

  • Surplus reserve fund The Company is now only required to transfer 10% of its net income, as determined under PRC accounting rules and regulations, to a statutory surplus reserve fund until such reserve balance reaches 50% of the Company’s registered capital.

  • Surplus reserve comprises statutory surplus reserve and discretionary surplus reserve.

  • Surplus reserve pertains to a portion of the Bank's income from trust operations set-up on a yearly basis in compliance with BSP regulations.

  • Surplus reserve accrued 2.Appropriation s to general risk provisions 3.Distribution to owners (shareholders) 4.

  • Surplus reserve Surplus reserve comprises the statutory surplus reserve and the discretionary surplus reserve.

  • Upon transfer of treasury stock, transfer income which is higher than the cost of treasury stock, shall to be added to capital premium; transfer income which is lower than the treasury stock, shall be written-off in the order of capital premium, Surplus reserve, and undistributed profit.

  • Surplus reserve The Group measures the surplus reserve on the date of adoption for new financial reporting standards related to financial instruments by comparing the difference between allowance for expected credit losses according to requirement under new financial reporting standards related to financial instruments and total reserves that the Group had on 31 December 2019.

  • Balance at the end of the period 1,008,950,570.00 3,446,257,738.38 303,627,977.74 510,100,496.00 11,621,472,824.79 16,283,153,651.43 Amount of the previous period Unit: yuan ItemSemi-annual of 2020 Share capitalOther equityinstrument Capital reserve Less: Inventory shares Other comprehensive income Reasonable reserve Surplus reserve Retained profit Other Total owners’ equity Pr efe rre d sto ckPe rp etu al ca pit al se cu rities Ot he rI.

  • Surplus reserve accrued 2.Distribution to owners (shareholders) 3.


More Definitions of Surplus reserve

Surplus reserve means the amount, if any, set forth in the Contract Data Sheet;
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Surplus reserve means the amount traditionally set aside by commercial property and casualty insurance companies to provide financial protection from unexpected losses and to serve, in part, as a measure of an insurance company's net worth.
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Related to Surplus reserve

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.

  • Surplus Cash means any cash remaining after:

  • road reserve ’ means the area contained within the statutory width of a road, and includes roadways, shoulders and sidewalks and the airspace above such roadways, shoulders and sidewalks and all other areas within the road reserve boundary;

  • Loss Reserve means, on any date, an amount equal to the Loss Percentage multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.

  • Cash Reserve means for any Financed Receivable which has been paid in full during a Monthly Period, the amount by which the amount(s) paid on such Financed Receivable exceeds the Advance made on such Financed Receivable.

  • Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.

  • Surplus Amount means [***].

  • Interest Reserve means, for any Calculation Period, the product (expressed as a percentage) of (i) 1.5 times (ii) the Alternate Base Rate as of the immediately preceding Cut-Off Date times (iii) a fraction the numerator of which is the highest Days Sales Outstanding for the most recent 12 Calculation Periods and the denominator of which is 360.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Replacement Reserve As defined in Section 9.5.1.

  • Capital Reserve means, as of any date of determination, an amount equal to the product of (i) $0.25 multiplied by (ii) the square footage of all Real Properties on such date.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).