FAS 140 definition

FAS 140 means Financial Accounting Standards Board Statement No. 140 or any Statement replacing the same, in each case as amended, modified or supplemented from time to time.
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FAS 140. The Statement of Financial Accounting Standards No. 140 issued by the Financial Accounting Standards Board, dated September 2000.
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FAS 140. Statement of Financial Accounting Standards No. 140.
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Examples of FAS 140 in a sentence

  • However, this year the City has moved to a Budgeting for Outcomes (BFO) process, which is a variation of zero-based budgeting that focuses on Council priorities and objectives as the driving factor for prioritization (as opposed to Vol.

  • For so long as required under FAS 140, each Trust upon its creation is intended to be considered a “qualifying special purpose entity” under accounting principles generally accepted in the United States.

  • This statement does not adopt the accounting for collateral as outlined in FAS 140.

  • AFVS are defined as GAAP pronouncements that require or allow fair value measurements, e.g., EITF 99– 20, FAS 65, FAS 87, FAS 115, FAS 133, FAS 140, FAS 149 and FIN 45.

  • The accounting guidance in this statement is consistent with the guidance included in SSAP No. 18, SSAP No. 33 and SSAP No. 45, and is expanded to include issues addressed in FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities (FAS 140).

  • This definition of Transferor will be interpreted in a manner consistent with the requirements of FAS 140 and any other relevant authoritative accounting literature, as such requirements are applicable from time to time.

  • Of particular note, Paragraph 26A of FAS 166 introduces a new concept that was not in FAS 140, as follows: ‘‘* * * the transferor must first consider whether the transferee would be consolidated by the transferor.

  • This statement adopts guidance in FAS 156 confirming adoption of guidance previously adopted from FAS 140 regarding servicing assets and servicing liabilities established from the transfer of financial assets to a qualifying SPE in a guaranteed mortgage securitization in which the transferor retains all of the resulting securities.

  • That Lehman attempted to satisfy the requirements of FAS 140 through an opinion from Linklaters, a law firm, in the United Kingdom within the context of English Law (and then channel Repo 105 transactions through a Lehman subsidiary in the United Kingdom) cannot justify the accounting treatment.

  • In truth, however, Lehman accounted for its Repo 105 transactions as “sales” under FAS 140, which had a profound impact on Lehman’s balance sheet.


More Definitions of FAS 140

FAS 140 means Statement No. 140 of the Financial Accounting Standards Board.
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FAS 140 has the meaning specified in Section 3.11.
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FAS 140 means Statement of Financial Accounting Standards No. 140.
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FAS 140 means Statement 140 on Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities promulgated by the Financial Accounting Standard Board, as the same may be restated, modified or changed from time to time.
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FAS 140 means Statement of Financial Accounting Standards No. 140 as in effect from time to time.
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Related to FAS 140

  • SFAS 140 means Statement of Financial Accounting Standards No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities.

  • FASB means the Financial Accounting Standards Board.

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • Accounting Standard means GAAP.

  • ASC Topic 718 means the Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation – Stock Compensation, as amended or any successor accounting standard.

  • FAS means Free alongside shipment

  • Treasury Regulations means the regulations promulgated under the Code.

  • Rule 15c2-12 means Rule 15c2-12 under the Securities Exchange Act of 1934, as amended through the date of this Undertaking, including any official interpretations thereof.

  • Australian Accounting Standards refers to the standards of that name, as amended from time to time, that are maintained by the Australian Accounting Standards Board referred to in section 227 of the Australian Securities and Investments Commission Act 2001 (Cth);

  • U.S. Treasury Regulations means the Treasury regulations of the Code. Reference to a specific Treasury Regulation or Section of the Code shall include such Treasury Regulation or Section, any valid regulation promulgated under such Section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such Section or regulation.

  • Rule 173 “Rule 405”, “Rule 415”, “Rule 424”, “Rule 430B” and “Rule 433” refer to such rules under the Act.

  • IRC means the Internal Revenue Code of 1986, as amended.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • Code Section 409A means Section 409A of the Code and the regulations and guidance promulgated thereunder.

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Treasury Regulation means the United States Treasury regulations promulgated under the Code.

  • Section 409A of the Code means the nonqualified deferred compensation rules under Section 409A of the Code and any applicable treasury regulations and other official guidance thereunder.

  • Pro Forma means, with respect to any calculation made or required to be made pursuant to the terms hereof, a calculation performed in accordance with Article 11 of Regulation S-X promulgated under the Securities Act, as interpreted in good faith by the Board of Directors after consultation with the independent certified public accountants of the Company, or otherwise a calculation made in good faith by the Board of Directors after consultation with the independent certified public accountants of the Company, as the case may be.

  • the Code means the Pension Regulator’s Code of Practice No 14 governance and administration of public service pension schemes.

  • Rule 3a-7 means Rule 3a-7 under the Investment Company Act.

  • Guidance means any guidance issued or updated by the UK Government from time to time in relation to the Regulations;

  • Rule 16b-3 means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as in effect when discretion is being exercised with respect to the Plan.

  • Underwriting Standards As to each Mortgage Loan, the Seller's underwriting guidelines in effect as of the date of origination of such Mortgage Loan.

  • Rule 3a-5 means Rule 3a-5 under the Investment Company Act.

  • auditing standards means auditing standards as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;