Residual assets

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.
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The grant covered by this contract-convention relates a) The services of forcible collection of tax revenues and certain non-tax revenue of the municipality of Castel Madama / Marcellina / San Polo dei Cavalieri;b) Some services auxiliary to revenue collection in the municipality of Castel Madama / Marcellina / San Polo dei Cavalieri, with particular reference to counter activities in favor of the taxpayers of the City;c) Some services complementary to revenue collection in the municipality of Castel Madama / Marcellina / San Polo dei Cavalieri, with particular reference to the management of claims and to support the reassessment of residual assets.
distribute its residual assets (comprising substantially the Northcote
The residual assets in the funds and corresponding opportunities to monetize the holdings effectively for investors are tailor made for a group like this.
Block's mix of refurbished imaging equipment solutions also includes leasing & financing options, interim rentals, parts support, an economical service alternative knows as Flex Service, complete project management as well as consignment plans for high value, high residual assets.
We will ensure that the legislation for abolition gives sufficient flexibility for dealing with managing out residual assets, liabilities and commitments beyond March 2012.
Although the company's legacy Structured Investment Vehicles (SIVs) workout portfolio remains a sizable portion of its assets, the bulk of residual assets in this portfolio is highly-rated.
By August, the payment of arrears to those who have been paid at the lower rate should have started and there will also need to be primary legislation to restructure the residual assets in collapsed pensions schemes.
Announcing the deal, Work and Pensions Secretary Peter Hain said, "Although the Government has been criticised over this matter, these are huge amounts and it is right we have been able to maximise the return from residual assets in the schemes which collapsed so that the public purse has had value for money too.
The underlying assumptions used to calculate the net present value (NPV) of residual assets include credit and loss assumptions, prepayment assumptions and an appropriate discount rate.
Similarly, on liquidation, residual assets will be distributed based on patronage, to the extent practicable.
In addition, as "income in respect of a decedent," these residual assets will be subject to estate taxes.
Improper valuation of residual assets, of course, caused a portion of losses borne by the insurance fund in 1999.