Future Discounted Receivables Balance definition

Future Discounted Receivables Balance means, at the beginning of the relevant Monthly Period, the present value of the Purchased Receivables scheduled to be paid in the future calculated by using the same mechanism as to calculate the Discounted Receivables Balance, excluding any arrears and stock.
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Future Discounted Receivables Balance means at the beginning of the relevant Monthly Period, the present value of the Purchased Receivables scheduled to be paid in the future calculated by using the same mechanism as to calculate the Discounted Receivables Balance, excluding any arrears and stock.
Sample 1Sample 2Sample 3
Future Discounted Receivables Balance means, at the beginning of the Monthly Period, the amount of the Purchased Receivables scheduled to be paid in the future, calculated by using a discount rate equal to the Discount Rate.
Sample 1

Related to Future Discounted Receivables Balance

  • Eligible Receivable means, at any time, a Receivable:

  • Delinquent Receivable means a Receivable as to which any payment, or part thereof, remains unpaid for more than 60 days from the original due date for such payment.

  • Defaulted Receivable means a Receivable:

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.