Acceptable Accounting Principles means general accepted accounting principles which for the avoidance of doubt include GAAP or IFRS. ‘Accounting Date’ means the 31st December each year or such other time as determined by the Directors from time to time. ‘Administrator’ means Abacus Fund Administration Limited. ‘Annual General Meeting’ means the General Meeting held each year pursuant to the Articles. ‘Articles’ means the Articles of Association of the Company. ‘Bank’ means Turicum Private Bank Limited and any bank or banks that the Fund uses. ‘Base Currency’ means the currency in which the accounts of the Fund are drawn up and in which Shares in the Fund are denominated which in the case of the Fund is EURO. ‘Blockchain’ means a digital ledger in which transactions made in Digital Asset are recorded chronologically and publicly. ‘Board’, the ‘Board of Directors’ and/or the ‘Directors’ means the governing body for the Fund being the Directors of the Fund from time to time. ‘Business Day’ means a day other than a Saturday or Sunday or a day which is a public holiday, on which banks are open for general banking business in Gibraltar. ‘Commencement of Investment Activity’ means such date as determined by the Board of Directors having regard to the Minimum Trading Amount. ‘Companies Act’ means the Companies Act 2014 of Gibraltar and any modifications or re- enactment thereof.
Acceptable Accounting Principles means generally accepted accounting principles consistently applied (i.e., GAAP).
Acceptable Accounting Principles means GAAP or such other accounting methods or principles acceptable to Lender from time to time.
Examples of Acceptable Accounting Principles in a sentence
The Reserve will be recorded and maintained in the appropriate Member Entity Fund in accordance with Generally Acceptable Accounting Principles.