Relative Value means, since any specified date, for any Index Component, the closing level of the Index Component on the current Index Calculation Day divided by the closing level of the Index Component on the specified date. Calculating the Relative Weight for Each Constituent IndexOn the Index Start Date and on each Rebalance Date, the relative weights of the Constituent Indices are determined by computing the percentage that each of the 14 major categories of spending in the CEX table represents of total consumer expenditure of the age group classified as “65 years and older.” The relative weights for six of the Constituent Indices are each directly assigned the corresponding percentage for 6 of the 14 categories (Housing, Transportation, Food, Healthcare, Personal insurance and pensions, and Apparel and services). The relative weight for the seventh Constituent Index, representing discretionary spending, is assigned the sum of the percentages for each of the remaining eight categories of spending (Alcoholic beverages, Entertainment, Personal care products and services, Reading, Education, Tobacco products and smoking supplies, Miscellaneous, and Cash contributions). See “The Constituent Indices” table above. The closing level of each Constituent Index will be rounded to four decimal places, and the closing level of the Base Index for purposes of the calculations described herein will be rounded to four decimal places when published and when referred to by all subsequent calculations described herein. The Base Index Value on the Index Start Date was100. The Base Index was launched on January 31, 2015. Calculation of the IndexThe Index is designed to track the volatility-adjusted performance of the Base Index, supplemented by a long exposure to the Reference Fixed Income Index, and will subtract out a short exposure to the Funding Component at a value equal to an approximation of the daily interest cost that might have been charged to finance the leveraged or deleveraged daily value of the Index. The Index Value Vt of the Index on any Index Calculation Day t following the Index Start Date will be calculated as follows: Where:
Relative Value means, with respect to a Non-Transferred Property, a dollar amount which shall be calculated as follows: first, multiply the Consideration times a percentage equal to 100% less than the Trademark Percentage (as defined below); then, multiply the resulting dollar amount so obtained by the percentage indicated next to the Non-Transferred Property in question on Schedule 2.11 (each a "Listed Percentage"). With respect to the New York Property, the Listed Percentage shall be deemed to be the percentage indicated with respect to that property on Schedule 2.11. For purposes of this Section 2.11, "Trademark Percentage" means the lesser of (i) the value of the Greenhouse Xxxx as a percentage of the total value of all of the Spa Assets as agreed to by the Parties pursuant to Section 2.6 and (ii) fifty percent (50%).
Relative Value means one or a blend of multiple strategies commonly used by managers of Hedge Funds and consisting of Convertible Arbitrage, Merger Arbitrage, Fixed Income Arbitrage, Statistical Arbitrage Strategies as well as Equity Market Neutral and Credit Strategies (each strategy as defined within this section).“Relevant Declaration”means the declaration relevant to the Unitholder as set out in Schedule 2B of the Taxes Consolidation Act, 1997, as amended.“Sector Specialist”a manager which uses long / short strategies in a given industry sector to exploit valuation differences between companies of this sector.“Subscription Deadline”in respect of a Portfolio, as provided for in the relevant Supplement, or such other Business Day as the Manager may determine and notify in advance to Unitholders.“Securities”means any financial instruments, including but not limited to, any stock, share, debenture, Derivative, bond, contract for exchange or difference or any analogous instrument to any of the foregoing, traded on a Recognised Market."Securities Act"means the United States Securities Act of 1933, as amended.“Sharpe Ratio”means a measure of a portfolio’s risk adjusted return relative to the total volatility of the portfolio.“Short Position”means a sale of securities that the seller does not own to benefit from a decrease in value of securities.“Short Selling”:a strategy based on the sale of securities, which are overvalued from either a technical or fundamental viewpoint.“Side-Pocket”means any separate portfolio(s) of a Portfolio created in exceptional circum- stances to which are allocated interests in Illiquid Investments plus such additional assets representing a reserve for contingencies, commitments and hedging as the Directors and the Manager in their discretion may determine provided cash will only be held in reserve to cover the ongoing expenses of the Side Pocket. Once an Illiquid Investment is so allocated, only the Shareholders at the time of the allocation of the Illiquid Investments will benefit from any subsequent appreciation of the relevant Illiquid Investment. Future investors will not receive a share of the proceeds in the event the relevant Illiquid Investment gets realized. Side-Pockets will only be permitted where provided for in the Trust Deed or by way of Supplemental Trust Deed. The creation of Side Pockets in a permitted Portfolio will be notified to theCentral Bank but does not require Uniholder or Central Bank approval.
Examples of Relative Value in a sentence
Relative Value Guide is a system established by the American Society of Anesthesiologists to pay anesthesiologists for a “work unit.” The payment value is determined by multiplying a “relative value” of the service by a “converter” to determine the value for a certain procedure.
In accordance with CSSF Circular 11/512, reference portfolio must be disclosed for Subfunds for which the Global Risk Exposure is calculated using the Relative Value at Risk Approach.
These payment rules include, but are not limited to, the following:• Manuals and Relative Value Unit (RVU) files published by the Centers for Medicare & Medicaid Services (CMS), including:o National Correct Coding Initiative (NCCI) edits, including procedure-to-procedure (PTP) bundling edits and Medically Unlikely Edits (MUE).
At our choice the fee determined by using a national Relative Value Scale.
For hospital outpatient diagnostic services, the supervision levels assigned to each CPT or Level II HCPCS code in the Medicare Physician Fee Schedule Relative Value File that is updated quarterly, apply as described below.
More Definitions of Relative Value
Relative Value means, with respect to any Portfolio Property, the relative value agreed to by the parties for that Property when they determined the relative value of all of the Portfolio Properties.
Relative Value means, as applied to any Seller, the ratio of the value of such Seller's Shares to the value of all Shares being sold by the Sellers in the aggregate, with the agreed upon percentages to be determined as set forth on Exhibit D attached hereto.
Relative Value shall be calculated by dividing the value of the ACJ Processed Products by the sum of the value of the ACJ Processed Products and the value of the Other Products.
Relative Value means, with respect to a Non-Transferred Property, a dollar amount which shall be calculated as follows: first, multiply the Consideration times a percentage equal to 100% less than the Trademark Percentage (as defined below); then, multiply the resulting dollar amount so obtained by the percentage indicated next to the Non-Transferred Property in question on Schedule 2.11 (each a
Relative Value the value of the Newshelf 1114 Equity, as determined by Sibanye pursuant to its valuation methods, on the one hand and the value of the Sibanye Shares, as determined by Gold One International pursuant to its valuation methods, on the other hand, being the agreed amount of ZAR3 420 000 000.00 (three billion four hundred and twenty million South African Rand) in both instances;
Relative Value means the actuarial present value of each form of payment relative to the value of the 50% Joint and Survivor Annuity.