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Terminal reserve definition

Terminal reserve means the reserve at the end of the con- tract year which is the present value of benefits expected to be incurred after that contract year minus the present value of future valuation net premiums.
Terminal reserve means the reserve at the end of a con- tract year, which is the present value of benefits expected to be in-
Terminal reserve and "Terminal Reserve Adjustment" shall have the meanings set forth in Article XVI.

Examples of Terminal reserve in a sentence

  • Earnings on a Whole Life Policy Definitions:x = Issue agetVxPx cx px ax +t= Terminal reserve, issue age x, end of contract year t= Net level premium, Whole Life (for CRVM, this is the net level reserve for issue age x −1)= Claim cost in year, discounted to beginning of year= 1 − qx= A life annuity due.* = The multiplication sign (as opposed to “x”).


More Definitions of Terminal reserve

Terminal reserve means the reserve at the end of the contract year which is equal to the
Terminal reserve means ARRC’s Seward Terminal Reserve, including but not limited to the ARRC Dock, as defined above, and storage and parking areas and other facilities that may occasionally be used for activities associated with this Permit; provided, however, that for purposes of this Permit, “Terminal Reserve” does not refer to or include any portion of the SCLF.

Related to Terminal reserve

  • Mineral Reserve means the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A mineral reserve includes diluting materials and allowances for losses that may occur when the material is mined.

  • Proven Mineral Reserve means that economically mineable part of a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified;

  • Initial Reserve Account Deposit means $3,340,897.69.

  • Capital Reserve means, as of any date of determination, an amount equal to the product of (i) $0.25 multiplied by (ii) the square footage of all Real Properties on such date.

  • Transport Gas means the gas purchased by a Customer from a supplier other than KUB that Customer has arranged to have Delivered to KUB for delivery to the Customer by KUB.

  • Total Reserves means, on any day, an amount equal to the sum of: (a) the Yield Reserve, plus (b) the greater of (i) the sum of the Loss Reserve plus the Dilution Reserve and (ii) the sum of the Concentration Reserve plus the Minimum Dilution Reserve.

  • Reserve Zone means any of those geographic areas consisting of a combination of one or more Control Zone(s), as designated by the Office of the Interconnection in the PJM Manuals, relevant to provision of, and requirements for, reserve service.

  • Capital Reserves means, for any period and with respect to a Property, an amount equal to (a) $0.05 per square foot times (b) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. If the term Capital Reserves is used without reference to any specific Property, then the amount shall be determined on an aggregate basis with respect to all Properties of the Trust and its Subsidiaries and a proportionate share of all Properties of all Unconsolidated Affiliates.

  • Rechargeable Electrical Energy Storage System (REESS) means the rechargeable energy storage system that provides electric energy for electrical propulsion.

  • NY Federal Reserve’s Website means the website of the NY Federal Reserve, currently at xxxx://xxx.xxxxxxxxxx.xxx, or any successor website of the NY Federal Reserve or the website of any successor administrator of the Secured Overnight Financing Rate.

  • Probable Mineral Reserve means the economically mineable part of an indicated and, in some circumstances, a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified;

  • Energy storage system means a system which stores energy and releases it in the same form as was input.

  • Initial Reserve Account Deposit Amount means an amount equal to $1,259,446.66.

  • Transportation fuel means electricity and any liquid or

  • Loading Zone means a parking stall which is set aside for use by commercial vehicles if there is a sign referable to that stall marked ‘Loading Zone’;

  • Aviation gasoline means fuel designed for use in the operation of aircraft other than jet aircraft,

  • PJM Interchange Energy Market means the regional competitive market administered by the Office of the Interconnection for the purchase and sale of spot electric energy at wholesale in interstate commerce and related services established pursuant to Operating Agreement, Schedule 1, and the parallel provisions of Tariff, Attachment K - Appendix.

  • road reserve means the area contained within the statutory width of a road, and includes roadways, shoulders and sidewalks and the airspace above such roadways, shoulders and sidewalks and all other areas within the road reserve boundary;

  • NY Federal Reserve means the Federal Reserve Bank of New York.

  • Underground storage tank system means an underground storage tank and the connected underground piping, underground ancillary equipment, and containment system, if any.

  • Transportation Facilities means any physical facility that moves or assist in the movement of people or goods including facilities identified in OAR 660-012-0020 but excluding electricity, sewage, and water systems.

  • Slug loading means any pollutant, including oxygen demanding pollutants, released in a discharge at a flow rate and/or pollutant concentration as to cause interference in the POTW.

  • Underground source of drinking water means an aquifer or its portion:

  • Geothermal resources shall collectively mean the matter, substances and resources defined in subparagraph 16(a) and 16(b) that are not subject to this Lease but are located on adjacent land or lands in reasonable proximity thereto;

  • Capital Reserve Fund means the reserve fund created and established by the Authority in

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.