What is unimpaired capital?

What is unimpaired capital?

Unimpaired capital means the sum of the Bank’s paid in capital, capital surplus, retained earnings, and allocation for loan and lease losses with respect to any loans and leases, immediately following consummation of the Purchase and Assumption Transaction.

What is the correct meaning of rectitude?

Definition of rectitude 1 : the quality or state of being straight. 2 : moral integrity : righteousness. 3 : the quality or state of being correct in judgment or procedure.

How do you say low quality politely?

of poor quality

1. decent.
2. dull.
3. inferior.
4. middling.
5. ordinary.
6. second-rate.
7. so-so.
8. undistinguished.

What is a word for having integrity?

honesty, principle, probity, purity, rectitude, sincerity, virtue, cohesion, soundness, stability, unity, candor, forthrightness, goodness, honestness, honorableness, incorruptibility, incorruption, righteousness, straightforwardness.

How do you calculate unimpaired capital and unimpaired surplus?

Unimpaired capital and surplus equals shares plus post-closing, undivided earnings. Unimpaired capital and surplus means the same as “paid-in and unimpaired capital and surplus,” as defined in paragraph (f) of this section. Unimpaired capital and surplus equals shares plus post-closing, undividedearnings.

What is paid in and unimpaired capital and surplus?

Paid-in and unimpaired capital and surplus or unimpaired capital and surplus mean shares plus post-closing, undivided earnings. This does not include regular reserves or special reserves required by law, regulation or special agreement between the credit union and its regulator or share insurer.

How do you use rectitude?

Rectitude sentence example

1. The necessity of moral rectitude was itself an incentive.
2. He gained a great reputation both for rectitude and vigour.
3. His clear, exhaustive and dignified style of treatment evidences the rectitude and nobility of the man.

What is another way to say poor quality?

In this page you can discover 15 synonyms, antonyms, idiomatic expressions, and related words for low-quality, like: second-class, inferior, second-rate, substandard, , low-grade, mediocre, shabby, common, better and mean.

What is a bad quality?

Something that is of bad quality is of a low or unacceptable standard. If someone is bad at something, they lack skill in that doing something.

What is the difference between unimpaired capital and surplus?

Unimpaired capital and surplus equals shares plus post-closing, undividedearnings. Unimpaired capital and surplus means the same as “paid-in and unimpaired capital and surplus,” as defined in paragraph (f) of this section. Unimpaired capital and surplus equals shares plus post-closing, undivided earnings.

What does unimpaired capital mean?

Unimpaired capital means total equity capital in the most recent report plus any subordinated notes and debentures approved by the Commission as an addition to capital structure plus any valuation reserves created by charges to income reported on the most recent report.

How do you interpret the minimum stated unimpaired capital?

The FSC has established that the minimum stated unimpaired capital should be interpreted as “stated capital plus revenue reserves”, i.e. stated capital plus retained earnings. It has also been clarified that the stated capital should befully paidwhile determining whether the minimum stated unimpaired capital has been met.

What is the minimum stated unimpaired capital under the FSC?

The FSC has established that the minimum stated unimpaired capital should be interpreted as “stated capital plus revenue reserves”, i.e. stated capital plus retained earnings.