Loss Discount definition

Loss Discount as measured on the Initial Closing Date or any Reporting Date means the ratio, expressed as a percentage, of (i) the losses (i.e. write-offs to the bad debt reserve or other write-offs consistent with the Credit and Collection Policy, in each case, net of recoveries) recognized for all Pool Receivables during the period equal to twelve (12) successive months ending on the Cut-Off Date immediately preceding the Initial Closing Date or such Reporting Date, as the case may be, divided by (ii) the Collections on all Pool Receivables received during such period.

Loss Discount is defined in Section 2.11(b) of this Agreement.

Loss Discount in effect during such Settlement Period means a percentage equal to the Default Ratio (expressed as a percentage) for the Calculation Period ending immediately prior to the commencement of such Settlement Period.

Examples of Loss Discount in a sentence

• This paper will include questions on problems relating to Number Systems, Computation of Whole Numbers, Decimals and Fractions and relationship between Numbers, Fundamental arithmetical operations, Percentages, Ratio and Proportion, Averages, Interest, Profit and Loss, Discount, Mensuration, Time and Distance, Ratio and Time, Time and Work, etc.

• Questions will cover number system including questions on simplification, decimals, fractions, LCM, HCF, Ratio and Proportion, Percentage, Average, Profit and Loss, Discount, Simple and Compound Interest, Measurement, Time and Work, Ratio and Time, Time and Distance, Tables and Graphs, etc.

• The test of Arithmetical and Numerical Abilities will cover Number Systems including questions on Simplification, Decimals, Fractions, L.C.M., H.C.F., Ratio & Proportion, Percentage, Average, Profit & Loss, Discount, Simple & Compound Interest, Mensuration, Time & Work, Time & Distance, Tables & Graphs etc.

• The test will cover Number System including questions on Simplification, Decimals, Fractions, L.C.M., H.C.F., Ratio & Proportion, Percentage, Average, Profit & Loss, Discount, Simple & Compound Interest, Mensuration, Time & Work, Time & Distance, Tables & Graphs, etc.

• The test of Arithmetical and Numerical Abilities will cover Number Systems including questions on Simplification, Decimals, Fractions, L.C.M., H.C.F., Ratio & Proportion, Percentage, Average, Profit & Loss, Discount, Simple & Compound Interest, Menstruation, Time & Work, Time & Distance, Tables & Graphs etc.

More Definitions of Loss Discount

Loss Discount is defined in SECTION 2.02(b) of the Purchase Agreement.

Loss Discount. As of any Month End Date means the ratio, expressed as a percentage, of (i) the losses recognized for all Receivables during the period equal to twelve calendar months ending on such Month End Date divided by (ii) the Collections on all Receivables received during such period.

Loss Discount has the meaning set forth in SECTION 1.4(b) of the Purchase and Sale Agreement.

Loss Discount has the meaning set forth in Section 1.4(b) of the Purchase and Sale Agreement.

Loss Discount in effect during such Distribution Period means a percentage equal to the Loss to Liquidation Ratio as in effect during such Distribution Period (expressed as a percentage) as in effect on such day (it being understood that the allocation of certain miscellaneous items will be required to be estimated for this purpose).

Loss Discount shall have the meaning assigned to such term in Section 2.1 hereof.

Loss Discount in effect for any day with respect to an Originator shall mean the lesser of (i) fifteen percent (15%) and (ii) the result, expressed as a percentage, calculated as of the most recent Month-End Date, of the quotient of (a) the aggregate Outstanding Amount of Receivables originated by such Originator that became Defaulted Receivables during the Purchase Period ending on such Month-End Date DIVIDED BY (b) the aggregate Outstanding Balance of Receivables that were originated by such Originator during the Purchase Period that occurred six calendar months prior to the Purchase Period ending on such Month-End Date.