Interest or income definition

Interest or income means unrealized net appreciation or loss in the fair value of cemetery merchandise, funeral merchandise, and funeral services trust assets for which a market value may be determined with reasonable certainty, plus the return in money or property derived from the use of trust principal or income, net of investment losses, taxes, and expenses incurred in the sale of trust assets, any cost of the operation of the trust, and any annual audit fee. “Interest or income” includes but is not limited to: a. Rent of real or personal property, including sums received for cancellation or renewal of a lease and any royalties. b. Interest on money lent, including sums received as consideration for prepayment of principal. c. Cash dividends paid on corporate stock. d. Interest paid on deposit funds or debt obligations. e. ▇▇▇▇ realized from the sale of trust assets.
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Interest or income means unrealized net appreciation or loss in the fair value of cemetery merchandise, funeral merchandise, and funeral services trust assets for which a market value may be determined with reasonable certainty, plus the return in money or property derived from the use of trust principal or income, net of investment losses, taxes, and expenses incurred in the sale of trust assets, any cost of the operation of the trust, and any annual audit fee. “Interest or income” includes but is not limited to:
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Interest or income means, for the purpose of determining pursuant to Iowa Code section 523A.1, as amended by 1987 Iowa Acts, House File 614, the amount of interest or income earned on amounts deposited in trust, the aggregate of any payments received by the trust for the use of its money (interest earned on loans, bank deposits, etc.) and any income realized with respect to trust assets (gains from the sale of stock, dividends, etc.) net of losses and expenses and shall not include any appreciation or depreciation in the value of assets which does not affect the trust’s current tax liability, which are commonly known as “paper” gains or losses.
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Examples of Interest or income in a sentence

  • Interest or income earned on the funds credited to the Reserve Fund shall be deemed to be part of the Reserve Fund.

  • Interest or income earned on fund proceeds is retained by the school as part of the ▇▇▇▇▇▇▇ Loan Fund.

  • Interest or income earned on the funds in the Reserve Fund shall be deemed to be part of the Reserve Fund.

  • Interest or income on Escrow Funds shall become part of the Escrow Funds.

  • Interest or income earned on fund proceeds are retained by the school as part of the ▇▇▇▇▇▇▇ Loan Fund.

  • Interest or income from debt-claims arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.

  • Interest or income earned on advances under the agreement are not considered program income and must be remitted to U.S. Department of Treasury via HUD.

  • Interest or income received from temporary investments that exceed the reasonable expenses of administering the fund will be considered part of the Marketing Fund.

  • Interest or income received by the Trustee on the investment of money held in the Payment Account shall be retained in that account for the purpose of making Bond Payments.


More Definitions of Interest or income

Interest or income means unrealized net
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Related to Interest or income

  • Interest Income means interest earned on the Funding;

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates (other than the Class C, Class P and Class R Certificates), the sum of (i) the Monthly Interest Distributable Amount for that Class and (ii) the Unpaid Interest Shortfall Amount for that Class.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.