residual capital value definition

residual capital value. , in relation to an annuity, means the capital amount payable on termination of the annuity; and
View Source
residual capital value means the amount that is the lesser of the Current Transfer Value and the Maximum Commutable Value, in the event that a Complying Income Stream is terminated before the end of its Term.
View Source
residual capital value or "RCV" means the amount (if any) of the Initial Investment that will be repaid to the Division 5C Member or the Reversionary Beneficiary as applicable at the maturity date of the applicable Non-Account Based Pension.
View Source

Related to residual capital value

  • Book Capital Account means, for any Holder at any time, the Book Capital Account of the Holder for such day, determined in accordance with Section 8.1 hereof.

  • Average Invested Assets means, for a specified period, the average of the aggregate book value of the assets of the Company invested, directly or indirectly, in Properties, Loans and other Permitted Investments secured by real estate before reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by ▇▇▇▇▇▇ Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as ▇▇▇▇▇▇ RetirementReady® Funds and ▇▇▇▇▇▇ Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • Economic Capital Account Balance means, with respect to a Holder of LTIP Units or a Holder of Performance Units, as applicable, its Capital Account balance, plus the amount of its share of any Partner Minimum Gain or Partnership Minimum Gain, in either case to the extent attributable to its ownership of LTIP Units or Performance Units, as applicable.

  • Total Percentage Interest means, with respect to any Partner, the quotient obtained by dividing the number of Units (vested and unvested) then owned by such Partner by the number of Units (vested and unvested) then owned by all Partners.