Best estimate definition

Best estimate means the Department's determination of a household's income for the upcoming certification period based on past and current circumstances and anticipated future changes.

Best estimate means the eligibility agency's determination of a household's income for the upcoming eligibility period, based on past and current circumstances and anticipated future changes.

Best estimate means an income, expense, or circumstance prediction based on past amounts of income and expenses and known factual information concerning future circumstances which affect eligibility, expenses to be incurred; or income to be received in the benefit month. Factual information concerning future circumstances must be based on information by which the applicant or recipient demonstrates known changes or highly probable changes to the income, expenses, or circumstances which offset eligibility, from the base month to the benefit month.

Examples of Best estimate in a sentence

• Column C, Best estimate at acquisition date of contractual cash flows not expected to be collected: Report in this column the bank’s best estimate at the acquisition date of the portion of the contractual cash flows receivable on acquired loans and leases held for investment that the bank does not expect to collect.

• Best estimate assumptions Best estimate assumptions are made with respect to mortality and morbidity, investment returns, rates of policy termination, operating expenses and certain taxes.

• Best estimate means that assumptions areneither optimistic nor pessimistic but reflect the most likely outcome.

• Date and Time of the event Reference or description of the location of the event Description of where any release into the environment took place Substances(s) potentially released Best estimate of the quantity or rate of release of substances Measures taken, or intended to be taken, to stop any emission Description of the failure or accident.

• Initial Request (Best estimate of funds needed to complete eligible stabilization measures) [ ] 2.

More Definitions of Best estimate

Best estimate means that income is calculated for the upcoming certification period based on current information about income being received, expected income deductions, and household size.

Best estimate means at least a 50% probability (P50) that the quantities actually recovered will equal or exceed the best estimate;

Best estimate means the income source’s estimate of future income.

Best estimate means the best estimate of the quantity that will actually be recovered. It is equally likely that the actual remaining quantities recovered will be greater or less than the best estimate. If probabilistic methods are used, there should be at least a 50% probability (P50) that the quantities actually recovered will equal or exceed the best estimate;

Best estimate means a scientifically appropriate estimate which is based, to the extent feasible, on one of the following:

Best estimate. ’ means a scientifically appropriate esti- mate which is based, to the extent feasible, on one of the follow- ing:

Best estimate has the meaning set out in Clause 3.3.1;