Monthly equivalent definition

Monthly equivalent means a monthly countable income amount established by averaging, prorating, or converting a person's income.
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Monthly equivalent means a monthly income amount established by averaging, prorating, or converting a person’s income.
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Monthly equivalent means, with respect to any amount: (a) if the Distribution Period is one Quarter, such amount divided by three (3); (b) if the Distribution Period is one Month, such amount; or (c) if the Distribution Period is any period other than one month or one quarter, such amount multiplied by a fraction equal to thirty (30) divided by the number of days in the Distribution Period.
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Examples of Monthly equivalent in a sentence

  • In your case, the calculation is as follows: - Total Weekly Fee at start of this Contract £ AMOUNT LESS Contribution from your Representative, if any Contribution from local authority, if any FNCC, if any £ AMOUNT Your contribution £ AMOUNT Monthly equivalent (and amount of direct debit) £ AMOUNT 4.


More Definitions of Monthly equivalent

Monthly equivalent means in respect of the Commodity Toll Component of any Firm Liquids Recovery Service, a volume of Liquid Products equal to the product obtained by multiplying the Commodity Toll Component for any such service by the number of days in the month.
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Related to Monthly equivalent

  • Actuarially equivalent or "of equal actuarial value" means a benefit of equal value

  • Actuarial equivalent means a benefit of equal value when

  • Functionally equivalent means that when a service is provided via telehealth, the transmission of information must be of sufficient quality as to be the same level of service as an in-person visit. Transmission of voices, images, data, or video must be clear and understandable.

  • Spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.