Average income definition

Average income means an income that complies with income restrictions determined at the advice and consent of the Oregon Housing Stability Council, but not to exceed the greater of 100 percent of the statewide or local area median income adjusted for household size as determined annually by the Housing and Community Services Department using United States Department of Housing and Urban Development information.
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Average income. , in relation to an applicant, means one twenty-sixth of the aggregate of-
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Average income means an income that complies with income restrictions determined at the advice and consent of the Oregon Housing Stability Council, but not to exceed the greater of 100 percent of the statewide or local area median income adjusted for household size as determined
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Examples of Average income in a sentence

  • Average income from the IBP Compensation System has not been established and false income claims as well as income claims on social media are grounds for termination Internet and Print Advertising Policy.

  • Average income shall include regular overtime, shift penalties, allowances and any other payments an employee receives on a regular basis.

  • Average income levels have grown significantly – from 75 per cent of the national average in 1997 to 94 per cent of the national average in 2012.

  • Average income shall include regular overtime, shift penalties, allowances and any other payment the employee receives on a regular basis.

  • Year ended March 31, 2004 2005 2006 Average Interest income/ Interest Average Average income/ Average Average Interest income/ Average Advances Rs. 567.51 Rs.63.80 11.2% Rs. 720.26 Rs.71.22 9.9% Rs.1,120.38 Rs.102.07 9.1% Investments .


More Definitions of Average income

Average income means the gross revenues minus telephone bills and commissions (assuming dial-around compensation is based on the state of the law existing prior to September 20, 1996) for the Seller Phones; provided that (a) for Seller Phones installed on or prior to September 30, 1996, the Average Income shall be measured from January 1, 1996 (or, if later, the date of installation) through December 31, 1996 and (b) for Seller Phones installed after September 30, 1996, the Average Income shall be measured from the date of installation through April 30, 1997.
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Related to Average income

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Average VWAP means the average of the VWAPs for each Trading Day in the relevant period.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Final Average Earnings means the earnings used to determine benefits under this Plan as further described in Article 7.

  • Average Net Assets means the average of all of the determinations of the Fund’s net asset value at the close of business on each business day during each month while this Contract is in effect. The fee is payable for each month within 15 days after the close of the month. The fees payable by the Fund to the Manager pursuant to this Section 3 will be reduced by any commissions, fees, brokerage or similar payments received by the Manager or any affiliated person of the Manager in connection with the purchase and sale of portfolio investments of the Fund, less any direct expenses approved by the Trustees incurred by the Manager or any affiliated person of the Manager in connection with obtaining such payments. In the event that expenses of the Fund for any fiscal year exceed the expense limitation on investment company expenses imposed by any statute or regulatory authority of any jurisdiction in which shares of the Fund are qualified for offer or sale, the compensation due the Manager for such fiscal year will be reduced by the amount of excess by a reduction or refund thereof. In the event that the expenses of the Fund exceed any expense limitation which the Manager may, by written notice to the Fund, voluntarily declare to be effective subject to such terms and conditions as the Manager may prescribe in such notice, the compensation due the Manager will be reduced, and if necessary, the Manager will assume expenses of the Fund, to the extent required by the terms and conditions of such expense limitation. If the Manager serves for less than the whole of a month, the foregoing compensation will be prorated.