Pre-Acquisition Interest definition
Pre-Acquisition Interest means (a) in respect of the Loans in the Completion Mortgage Pool on the Issue Date, all amounts of interest accrued thereon but not yet due as at the Issue Date and all Interest Arrears in respect of those Loans as at the Issue Date; and (b) in respect of the Substitute Loans, the Non-Verified Loans and the Prefunded Loans, all amount of interest accrued thereon but not yet due as at the relevant date of purchase by the Issuer and all Interest Arrears in respect of those Loans as at the date of purchase by the Issuer;