Residual assets

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Residual assets

Assets that remain after sufficient assets are dedicated to meet all senior debtholders' claims in full.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The remaining balance of around e1/42.2 bln mainly relates to mortgages of the now-resolved Cyprus Cooperative Bank that were transferred to a residual asset management company.
In summary, the lessor will record lease payments receivable for their present values at the commencement date of the lease payments, plus the present value of any unguaranteed residual asset value at the end of the lease term (ASC 842-30-30-1).
Industry bodies are aware of the requirement for increased market educa- tion to inform investors about the risks particularly to Islamic finance including residual asset risk, Sharia interpretation risk and the difference sukuk structures combining Mudaraba and Murabaha in Saudi Arabia from those used elsewhere.
For some Sukuk, investors might end up exposed to residual asset risks, for example.
residual asset quality risk that could lead to a need to recapitalize
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.
Second, as the authors are aware, the treatment of the residual asset is currently very unsatisfactory.
Gain-on-sale accounting often results in a significant balance-sheet asset for originators--the residual asset. 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.
LCDR Weidenbach is the Sponsor-Owned Material and Interim Supply Support Business Financial Manger responsible for the financial and program management of $7.7 million in direct support of NAVAIR life cycle support programs such as, Interim Supply Support, Residual Asset Management, and Special Tooling.