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 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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Examples of Surplus reserve in a sentence

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

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

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

  • 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 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.

  • Surplus reserve consists of statutory surplus reserve and discretionary surplus reserve.


More Definitions of Surplus reserve

Surplus reserve means the amount traditionally set aside by
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Surplus reserve means the amount, if any, set forth in the Contract Data Sheet;
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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 Fund means the fund by that name established pursuant to the Second Resolution.

  • Surplus Cash means, with respect to any period, any revenues of Borrower remaining after paying, or setting aside funds for paying, all the following:

  • 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 day, an amount equal to (a) the sum of (i) the Aggregate Capital plus (ii) the LC Participation Amount at the close of business of the Servicer on such date multiplied by (b)(i) the Loss Reserve Percentage on such date divided by (ii) 100%, minus the Loss Reserve Percentage on such date.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Surplus Amount in respect of a particular Bid by an Anchor Investor, shall mean any amount paid in respect of such Bid that is in excess of the amount arrived at by multiplying the number of Equity Shares allocated in respect of such Bid with the Anchor Investor Offer Price, and shall include Bid Amounts below the Anchor Investor Offer Price, in respect of which no Equity Shares are to be Allotted, and in respect of refunds that are to be made after transfer of monies to the Public Offer Account, the Surplus Amount shall mean all Bid Amounts to be refunded after the transfer of monies to the Public Offer Account. For the sake of clarity, in case of an unsuccessful Bid by an Anchor Investor, the entire amount paid towards the Bid shall be considered to be the Surplus Amount;

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • 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.

  • Replacement Reserve As defined in Section 9.5.1.

  • Targeted Accumulation Reserve Subaccount Deposit means, with respect to any Distribution Date during the Accumulation Reserve Funding Period, an amount equal to (i) [0.5]% of the Outstanding Dollar Principal Amount of the Class A( - ) Notes as of the close of business on the last day of the related Due Period or (ii) any other amount designated by the Calculation Agent on behalf of the Issuer.]