Residual assets

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Residual assets

Assets that remain after sufficient assets are dedicated to meet all senior debtholders' claims in full.

Residual Assets

A person's or company's assets after all secured obligations have been paid. That is, the residual assets are those left over after all senior creditors have had their claims satisfied. For example, in a bankruptcy or other liquidation, the residual assets are those used to pay unsecured creditors or common shareholders, if any. See also: Precedence.
References in periodicals archive ?
Goodwill is the residual asset recognized in a business combination after recognizing all other identifiable assets acquired and liabilities assumed.
The Bridgend firm will work to reduce the cost of engine operations and manage the residual asset value of each engine for the Russian airline.
In the HR project contract, the terminating clause stipulates that when G "guarantees" the purchase of TH assets, the price must be appraised by a professional appraisal agency, which usually takes the difference between the total investment (I), which does not include the land levied by G, and the asset depreciation (dt) as the evaluated residual asset value (St) within time t.
Even when a restaurant is struggling, "there is residual asset value that the shareholders would have a claim on -- that's the land," Bryan Elliott, an analyst at Florida-based Raymond James Financial, told Bloomberg.
Gain-on-sale accounting often results in a significant balance-sheet asset for originators--the residual asset.
7 million in direct support of NAVAIR life cycle support programs such as, Interim Supply Support, Residual Asset Management, and Special Tooling.
These include, but are not limited to, actual residual asset values compared to estimates and the accuracy of accounting estimates generally, the impact of global events on the commercial aerospace industry, actual build-rates, production schedules and content per aircraft for commercial and military aerospace programs, military spending and continued support for the Joint Strike Fighter program, the impact from Boeing 787 production delays, global economic conditions, the competitive nature of the markets for specialty metals, the ability of the Company to obtain an adequate supply of raw materials, long-term contracts, the successful completion of capital expansion projects, and other risks and uncertainties included in the Company's filings with the Securities and Exchange Commission.
This action is a credit negative for RHD bonds as their Recovery Ratings (RRs) had been dependent on residual asset value from RHDI, resulting in the downgrade of the RHD senior unsecured notes to 'B-/RR6', reflecting negligible recovery prospects.
At the issue level, this action would be negative for RHD bonds as their recovery ratings had been dependent on residual asset value from RHDI.
Our residual asset totaled $69 million at September 30, down from $73 million at June 30.
Our residual asset totaled $73 million at June 30, up from $69 million at March 31, reflecting valuation adjustments and the re-acquisition of residuals we had sold between 1999 and 2001.
This improved JET nozzle offers MD-80 operators a cost-effective method for complying with the new noise regulations, while also improving the useful lives and residual asset values of their aircraft," stated Goodrich Aerostructures Aftermarket Services Vice President/General Manager Bob Gustafson.