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.
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Terminal reserve and "Terminal Reserve Adjustment" shall have the meanings set forth in Article XVI.
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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.
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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 a con- tract year, which is the present value of benefits expected to be in-
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Terminal reserve means the reserve at the end of the contract year which is equal to the
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Related to Terminal reserve

  • 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,

  • Contract feeder means a person who as an independent contractor, feeds commercial feed to animals pursuant to a contract whereby such commercial feed is supplied, furnished or otherwise provided to such person and whereby such person’s remuneration is determined all or in part by feed consumption, mortality, profits or amount or quality of product.

  • Wastewater collection system means the sewer and pumping system used for the collection and conveyance of domestic, commercial and industrial wastewater; and

  • Underground storage tank or “UST” means any one or combination of tanks (including underground pipes connected thereto) that is used to contain an accumulation of regulated substances, and the volume of which (including the volume of underground pipes connected thereto) is 10 percent or more beneath the surface of the ground. This term does not include any:

  • Underground storage means storage of gas in a subsurface stratum or formation of the earth.

  • energy management system means a set of interrelated or interacting elements of a plan which sets an energy efficiency objective and a strategy to achieve that objective;

  • Resource recovery facility means a solid waste facility

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.