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) 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.

• 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.

• 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.

• Income From a Special Loss Discount AccountReport on line 19 income recognized from a subtraction from the Special Loss Discount Account under section 847(5).Line 20.

• 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.

More Definitions of Loss Discount

Loss Discount. As of any Period End Date means the ratio, expressed as a percentage, of (i) the losses recognized for all Receivables during the immediately preceding thirteen Due Periods prior to such Period End Date divided by (ii) the Collections on all Receivables received during such period.

Loss Discount for a particular Originator, as measured on any Payment Date, shall be calculated in accordance with the following formula: LD = AUB x LR where:

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

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.

Loss Discount means, with respect to any Seller or Victxx, x fraction the numerator of which is the aggregate Outstanding Balance of Receivables originated by such Seller or Victxx (xxt of recoveries) that were written off (in each case determined in a manner that is consistent with the Credit and Collection Policy) as uncollectible or (without duplication)

Loss Discount as measured on the Initial Closing Date, any Seller Addition Date, or any Reporting Date, as the case may be, 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 of the related Seller, 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, such Seller Addition 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 has the meaning set forth in SECTION 1.4(b) of the Purchase and Sale Agreement.