Credit Loss definition

Credit Loss means any loss, including but not limited to a chargeback, resulting from or attributable to the failure by a Merchant to pay amounts owed by it under a Merchant Agreement.

Credit Loss means, as determined by the Determination Agent, the aggregate principal amount of the Notes of that Series then outstanding multiplied by (100% – Final Price of the Reference Entity), subject to a minimum of zero, provided that if, pursuant to the proviso to sub-paragraph (b) of the definition of “Final Valuation Date”, the Final Valuation Date is the last day of the OCA Liquidation Period, and no Final Price has been determined in respect of the Reference Entity on or before such Final Valuation Date, then the “Credit Loss” shall be the CDS Early Termination Amount.

Credit Loss means a Receivable that is written off the Seller’s books and records in accordance with the applicable Originator’s Credit and Collection Policy.

Examples of Credit Loss in a sentence

• The Company recognizes lifetime Expected Credit Loss (ECL) for accounts receivable and contract assets.

• Regulatory capital ratios reflect the election to use the five-year transition rules for the adoption of ASC 326, commonly referred to as Current Expected Credit Loss, or CECL.

• Unforeseen changes in these factors could result in additional inventory provisions, or reversals of previous provisions, being required.(e) Financial assets including impairment of trade and other receivables: An Expected Credit Loss ("ECL") model applies to financial assets measured at amortized cost, contract assets and debt investments at FVOCI, but not to investments in equity instruments.

• Nevertheless, the entity’s management can choose, on the date of initial recognition, irrevocably, to present the changes in fair value of an investment in a capital instrument in other comprehensive income, without recycling them to profit or loss.The Standard presents a new model for an impairment of financial instruments, based on the Expected Credit Loss Model.

• The ASU, referred to as the Current Expected Credit Loss (“CECL”) standard, requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts.

More Definitions of Credit Loss

Credit Loss means, with respect to any Settlement Period, the aggregate Securitization Value (determined as of the first day of such Settlement Period) of Warehouse SUBI Leases that became Defaulted Leases during such Settlement Period, net of all Net Liquidation Proceeds received during such Settlement Period with respect to Warehouse SUBI Leases that are Defaulted Leases.

Credit Loss means any loss resulting from the failure by a Merchant to pay amounts owed by it under a Merchant Agreement.

Credit Loss means the Company's good faith estimate of the loss it incurs if the Company is forced to repurchase a loan or the Company is forced to indemnify a loan. The sum of the losses for such repurchased and indemnified loans at the end of the applicable time period will be equal to the credit losses for such period.

Credit Loss means, with respect to any Special Obligor with respect to which a Credit Event has occurred, the aggregate Outstanding Balance of all Pool Receivables owing by such Obligor or any of its Affiliates (i) which remain unpaid for 91 or more days from the original due date for such Receivable or (ii) as to which an Event of Bankruptcy has occurred and is continuing with respect to the Obligor(s) thereof (such Outstanding Balance determined without giving effect to any write-off or any other non-cash reduction to the outstanding balance of such Receivables and after giving effect to any Collections attributable to such Pool Receivables).

Credit Loss has the meaning set forth in the Business Transfer Agreement.

Credit Loss means, as determined by the Calculation Agent, the aggregate outstanding principal amount of the Notes multiplied by (100% - Final Price of the Reference Entity);

Credit Loss means any loss resulting from the failure by a Merchant or Correspondent to pay amounts owed by it under a Merchant Agreement or Correspondent Agreement, or any other loss incurred for any reason attributable to a Merchant or Correspondent, including but not limited to losses due to Chargebacks, the fraudulent practices of a Merchant or Correspondent, uncollected Merchant or Correspondent fees, or fines.