cut-off date

Cut Off Date

1. In property law, the date at which an unclaimed security or other property is turned over to the state in which the last known owner was last known to reside. See also: Escheat.

2. The date a discount, sale, or other especially lowered price on a product or products expires.

3. The last day of a month in which a bank calculates the activity on its accounts. For example, if the cut off date is the fifteenth of the month, the bank calculates its accounts' activities from the fifteenth of one month to the fifteenth of the next. Statements are based on activities between cut off dates.

cut-off date

the date, coinciding with the end of an accounting period, after which goods received from suppliers or sold to customers will not enter the accounting records for that accounting period but will be recorded at the start of the next accounting period. This date is of particular importance to the stocktaking at the period end and to the measurement of sales, purchases and profit.
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Two years after introducing legislation to move California's kindergarten cut-off date up three months, Assemblyman George Runner's plan is finally getting a hearing.
94-28, 94-29 and 94-30 provide guidance to financial institutions on how to change their current methods of accounting, define procedures that allow for the principal-reduction method to be used, and provide procedures for changing methods of accounting for de minimis OID for loans acquired before the cut-off date selected.
Such policy will cover losses on the mortgage loans to the extent that such losses exceed 4% of the aggregate outstanding principal balance of the mortgage loans as of the cut-off date, up to a limit of 8.
All other states represent less than 5% of the cut-off date pool balance.
1, 2006, the mortgage loans have an aggregate balance of approximately $1,216,634,845 as of the cut-off date after application of scheduled payments due on or before the cut-off date whether or not received and subject to a permitted variance of plus or minus 5%.
Loan Group 2 consists of 40-year conventional, fully amortizing mortgage loans totaling $14,539,255 as of the cut-off date, November 1, 2006, secured by first liens on one-to four- family residential properties.
The average cut-off date principal balance of the mortgage loans is approximately $138,501.
Loan Group 1 consists primarily of 30-year conventional, fully amortizing mortgage loans totaling $207,912,419 as of the cut-off date (Oct.
The mortgage loans in Group 1 have an aggregate principal balance of approximately $800,606,049 as of the cut-off date (Oct.
The mortgage loans in Group 1 & 3 have an aggregate principal balance of approximately $1,250,344,604 as of the cut-off date (Sept.
All other states represent less than 5% of the pool as of the cut-off date.
The group I mortgage pool consists of adjustable-rate and fixed-rate, first and second lien mortgage loans with a cut-off date pool balance of $375,983,134.