Accrued Interest Payable definition

Accrued Interest Payable means interest on Deposits which is accrued but has neither been posted to a deposit account nor paid as of the Closing Date.
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Accrued Interest Payable means interest on Deposits which is accrued but has neither been posted to a deposit account nor paid as of the Closing Date. "Accrued Interest Receivable" means interest on loans which is accrued but unpaid as of the Closing Date. "Adjustment Payment Date" shall have the meaning set forth in Section 4.3. "Assets" shall have the meaning set forth in Section 2.1. "Agreement" shall mean this Agreement, including all schedules and exhibits attached hereto. "Assumed Liabilities" shall have the meaning set forth in Section 2.3. "Branch" or "Branch Offices" means Seller's five branch offices located in the cities of Barnwell, Williston, Blackville, Springfield and Salley, South Carolina. "Branch Deposit" means a Deposit, including Accrued Interest Payable thereon, which has been opened at or assigned to the Branch Offices, other than Excluded Deposits. "Branch Lease" means the lease of the real estate on which the Williston Branch is located. "Branch Loan" means (i) any loan fully secured by any Branch Deposit, and (ii) any checking line of credit or overdraft checking balance linked to any Branch Deposit, and (iii) any such other loans
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Accrued Interest Payable has the meaning given to such term in Section 9.1.
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Examples of Accrued Interest Payable in a sentence

  • Accrued Interest Payable: All interest incurred but not paid on notes and mortgages payable.

  • Accrued Interest Payable: Interest on long-term indebtedness is recorded as a liability when the interest is incurred.

  • Accrued Interest Payable: The carrying amounts reported in the statement of condition for accrued interest payable approximates its fair value primarily due to its short-term nature.

  • Accrued Interest Payable Notes Receivable Net3 .......................

  • Debenture interest expense payable as at June 30, 2020, is accrued and recorded in Accrued Interest Payable, and a grant in an amount equal to the interest accrued on provincially funded debentures is recorded in Due from the Provincial Government.

  • The gross gain of $1,558,000 is deferred and included in Accrued Interest Payable and Other Liabilities in the Consolidated Balance Sheet and will be amortized as a credit to Occupancy expenses on a straight-line basis for 15 years through 2023, the term of the underlying leases.

  • In addition, the balance of the interest due in October 2014 is $158,531 and has been reported as Accrued Interest Payable on the Statement of Net Position.

  • Time Deposits and Accrued Interest Payable - The fair value of certificates of deposits is based on the discounted value of contractual cash flows.

  • Securities Sold Under Agreements to Repurchase, Federal Home Loan Bank Advances and Corporation-Obligated Mandatory Redeemable Capital Securities of Subsidiary Trust, and Accrued Interest Payable - The carrying amount is a reasonable estimate of fair value for borrowings which are either short-term or for which applicable interest rates reprice based upon changes in market rates.

  • Debenture interest expense payable as at June 30, 2019, is accrued and recorded in Accrued Interest Payable, and a grant in an amount equal to the interest accrued on provincially funded debentures is recorded in Due from the Provincial Government.


More Definitions of Accrued Interest Payable

Accrued Interest Payable on any Deposits at any date means interest which has accrued on such Deposits to and including such date but has not yet been credited to such deposit Accounts.
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Accrued Interest Payable means interest on Deposits which is accrued but has neither been posted to a deposit account nor paid as of the Transfer Date. "Accrued Interest Receivable" means interest on loans which is accrued but unpaid as of the Closing Date. "Cash Items" means all cash items, suspense items and items in process of collection, that are related to the IB Deposits. "CFB IB Operation" shall mean the CFB Internet banking operation described in Section 2.2 hereof. "Deposit" shall have the meaning set forth in Section 3(1) of the Federal Deposit Insurance Act, 12 U.S.C. ss1813(l), including, without limitation, individual retirement accounts and cash management accounts. "IB Contracts" means any leases, contracts and other agreements owned by CFB and utilized principally in the CFB IB Operation. "IB Deposit" means a Deposit (except South Carolina Deposits), including Accrued Interest Payable thereon, which has been gathered through the CFB IB Operation. "IB Loan" means any loan substantially effected through the CFB IB Operation and any other loans of such types or categories and in such amounts as are agreed upon by the parties hereto, together with any Accrued Interest Receivable thereon, the related servicing rights and all records associated therewith. "Net Book Value" means the value of an asset on the books of CFB as of the date of the Transfer determined in accordance with Generally Accepted Accounting Principles ("GAAP"), but without regard to any general allowance for credit losses. "Premier Charter" shall mean the thrift charter of Premier Bank, FSB. "South Carolina Deposits" shall mean IB Deposits associated with customers who on the date hereof,
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Related to Accrued Interest Payable

  • Interest Payable means in respect of the relevant Measurement Period ending on any Measurement Date, the aggregate of:

  • Fixed Rate Interest Payment Date has the meaning provided in Section 3.02(e)(i).

  • Floating Rate Interest Payment Date has the meaning set forth in clause (d)(1) of Section 2.02 of this Supplemental Indenture.

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Accrued Interest means, with respect to Single Family Shared-Loss Loans, the amount of earned and unpaid interest at the note rate specified in the applicable loan documents, limited to 90 days.

  • Extended Interest Payment Period shall have the meaning set forth in Section 4.1.

  • Interest Payments With respect to any Purchased Asset, all payments of interest, income, receipts, dividends, and any other collections and distributions received from time to time in connection with any such Purchased Asset.

  • Fixed Interest Payment Date means such Business Day, on which the fixed interest is in fact due and payable. This may fall on a Fixed Coupon Date or may shift to the appropriated Business Day – if the Fixed Coupon Date falls on a day which is not a Business Day – based on the application of the adjustment provision as set out in § 5[(4)][(5)][(6)] (Business Day Convention).

  • Scheduled Interest Payment Date means (a) as to any Eurodollar Loan or Eurodollar Holder Advance, the last day of the Interest Period applicable to such Eurodollar Loan or Eurodollar Holder Advance (or respecting any Eurodollar Loan or Eurodollar Holder Advance having an Interest Period of six (6) months, the three (3) month anniversary of such Interest Period), (b) as to any ABR Loan or any ABR Holder Advance, the fifteenth day of each month, unless such day is not a Business Day and in such case on the next occurring Business Day and (c) as to all Loans and Holder Advances, the date of any voluntary or involuntary payment, prepayment, return or redemption, and the Maturity Date or the Expiration Date, as the case may be.

  • LIBOR Interest Payment Date means, with respect to a LIBOR Rate Loan, the Termination Date and the last day of each Interest Period applicable to such Loan or, with respect to each Interest Period of greater than three months in duration, the last day of the third month of such Interest Period and the last day of such Interest Period.

  • Scheduled Interest Payment means the scheduled payment of interest due on the Mortgage Loan on a Monthly Payment Date.

  • Interest Payment Amount With respect to each outstanding Class of Notes and any Payment Date, the Interest Accrual Amount for such Class of Notes, less any Modification Loss Amount for such Payment Date allocated to reduce the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(f) hereof, or plus any Modification Gain Amount for such Payment Date allocated to increase the Interest Payment Amount owed for such Class of Notes pursuant to Section 3.03(g) hereof.

  • Interest Payment Period means the period from and including an Interest Payment Date, or in the case of the first Interest Payment Period, the original date of issuance of the Debt Securities, to, but excluding, the next succeeding Interest Payment Date or, in the case of the last Interest Payment Period, the Redemption Date, Special Redemption Date or Maturity Date, as the case may be.

  • Interest Payment Dates shall have the meaning set forth in paragraph 1 of each Note.

  • First Interest Payment Date means the date specified in the relevant Final Terms; "Fixed Coupon Amount" has the meaning given in the relevant Final Terms;

  • Interest Payment has the meaning set forth in Section 4.02.

  • Class B Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date.

  • Special Interest Payment Date has the meaning ascribed to it in Section 2.11 hereof.

  • Unpaid Interest Amount As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Class A Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes at the respective Interest Rate for such Class on the Note Balance of the Notes of each such Class on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Noteholders of the Notes of such Class on or prior to such preceding Payment Date.

  • Unpaid Interest Amounts As of any Distribution Date and any Class of Certificates, the sum of (a) the portion of the Accrued Certificate Interest Distribution Amount from Distribution Dates prior to the current Distribution Date remaining unpaid immediately prior to the current Distribution Date and (b) interest on the amount in clause (a) above at the applicable Pass-Through Rate (to the extent permitted by applicable law).

  • Additional Interest Payment Date With respect to the Initial Securities, each Interest Payment Date.

  • Class C Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class C Notes at the Class C Interest Rate on the Class C Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class C Noteholders on or prior to such preceding Payment Date.

  • Class D Noteholders’ Monthly Accrued Interest means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class D Notes at the Class D Interest Rate on the Class D Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class D Noteholders on or prior to such preceding Payment Date.

  • Interest Payment Determination Date means the Interest Accrual Period End Date at the end of each Interest Accrual Period; provided that the Interest Payment Determination Date with respect to the final Interest Accrual Period will be the Rate Cut-off Date.

  • Optional Interest Payment Date means any Interest Payment Date other than a Compulsory Interest Payment Date.