NET LOANS RECEIVABLE definition
NET LOANS RECEIVABLE means, as of any date, the sum of the outstanding principal balance of all loans receivable of the Company and its Subsidiaries outstanding as of such date on a consolidated basis, less any discounts, deferred fees net of related costs and loan loss reserves with respect to such loans.
NET LOANS RECEIVABLE shall have the meaning provided in paragraph 6A. "NET INVESTMENT COMPANY TAXABLE INCOME" for any period shall mean Consolidated Net Earnings for such period, adjusted for differences in timing of recognition of items of income or expense between generally accepted accounting principles and tax accounting principles, plus, to the extent deducted in computing the foregoing, current and deferred taxes on income.