Credit Impaired definition

Credit Impaired means, with respect to any Reference Entity and any date, that as at such date has a significant risk of materially declining in credit quality in the Portfolio Manager's reasonable judgment.

Credit Impaired means when a financial asset is in a state where one or more events that have a detrimental impact on the estimated future cash flows of that financial asset has occurred (Annex I).

Credit Impaired means the Obligor:

Examples of Credit Impaired in a sentence

• Our allowance for Private Education Loan losses does not include Purchased Credit Impaired (“PCI”) loans as those loans are separately reserved for, as needed.

• The Collateral Manager may direct the Trustee to sell any Credit Impaired Obligation at any time during or after the Reinvestment Period without restriction.

• Total Loans includes mortgages and other loans.2 Purchased Credit Impaired ("PCI") loans are loans that were acquired in which a deterioration in credit quality occurred between the origination date and the acquisition date.

• The fair value of Purchased Credit Impaired (“PCI”) loans is determined using a combination of the income approach and the asset approach.

• Purchased Credit Impaired ("PCI") loans are loans that were acquired in which a deterioration in credit quality occurred between the origination date and the acquisition date.

• Amount represents the release of the accretable yield for one of the Credit Impaired Pools which became fully amortized during November 2014.

• Our policy for derecognition of PCI loans following the change described above is presented below: Purchased Credit Impaired Finance Receivables As part of each of our acquisitions, we identify a population of finance receivables for which it is determined that it is probable that we will be unable to collect all contractually required payments.

• Purchased or Originated Credit Impaired Financial Assets in Stage 3 A Financial Asset is considered purchased or originated credit-impaired if there is objective evidence of impairment at the time of initial recognition (i.e., rated in default by Credit Risk Management, CRM).

• Bearing Demand 32% NOW 18% Money Market 15% Demand 2% Savings 6% Time 28% PlainsCapital Bank Loan Portfolio by Classification 11 Covered PCI Loans Q3 2014 Total: $527.7 million Covered Non-PCI Loans Q3 2014 Total: $223.5 million Non-Covered PCI Loans Q3 2014 Total: $53.4 million Non-Covered Non-PCI Loans Q3 2014 Total: $3,715.5 million Note: PCI stands for Purchased Credit Impaired loans.

• Excludes Acquired Credit Impaired Loans totaling $30.4 million, $32.7 million, $43.7 million, $46.0 million and $43.8 million at December 31, 2014, September 30, 2014, June 30, 2014, March 31, 2014 and December 31, 2013, respectively.