What is a reserve fee?
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Reserve Fee means the non-refundable fee of four percent (4%) of each Loan, or such other amount, if any, as the Authority shall determine in connection with each Series of Bonds used to finance Education Loans, paid by the Borrower to the Authority out of the proceeds of each such Loan at the time of disbursement …
What is investment reserve?
Definition of investment reserve : the terminal reserve of an insurance company in any year — compare insurance reserve.
Do you have to pay reserve fee if item doesn’t sell?
A reserve price is a minimum price that a seller would be willing to accept from a buyer. In an auction, the seller is not typically required to disclose the reserve price to potential buyers. If the reserve price is not met, the seller is not required to sell the item, even to the highest bidder.
What does a reserve price fee mean on eBay?
A reserve price is a listing upgrade and the fee is charged once the listing goes live. The fee is non refundable and it does not matter if the item sold or not.
What are reserves used for?
Reserves are often used to purchase fixed assets; to repay debts; or to fund expansions, bonuses, and dividend repayments. Although the IFRS Standards sometimes call provisions a ‘reserve’, they are not the same thing – a provision is an upcoming liability without a confirmed date or cost.
Can you still sell if reserve not met?
What happens if reserve price not met on Opensea?
Reserve Prices If you are doing a Sell to highest bidder auction you can set a Reserve Price. If you don’t receive any bids equal to or greater than your reserve price, the auction will end without a sale.
What happens if you don’t meet the reserve price on eBay?
If you bid below the reserve price, you’ll see a “Reserve not met” message. This means that even if you’re the highest bidder at the end of the auction, you won’t win the item. Sellers can lower their reserve price during the auction or make a Second Chance Offer once it ends.
Is reserve a charge against profit?
Reserve is not a charge against profit as it is not meant to cover any known liability or expected loss in future. However, retention of profits in the form of reserves reduces the amount of profits available for distribution among the owners of the business.
Is reserve account an expense?
Sub-Fund Description Reserves can be funded by annual operating surpluses, or through a funding plan. These funds are considered to be “savings accounts” so no expenses can be charged directly to them; only transfer object codes should be used in reserve accounts.
How much should you have in reserve funds for your condo?
There’s no magic number when it comes to reserve funds; the size, age, features, and location of the building will all impact how much money needs to be put away. As a guideline, a condo should be setting aside between $60 to $150 per unit, per month.
What can reserves funds be used for?
Reserve funds are intended to be used for the replacement and non-routine repairs of common elements and assets of the condo. This includes: If the funds are available, boards should act on these sorts of repairs as soon as possible.
What if the reserve fund cannot be used to cover operating costs?
If the reserve fund cannot be used to cover operating costs, the board may consider deferring or reducing contributions to its reserve fund so that owners can continue to make the payments that will cover operations costs.
What happens to the reserve fund when there is a surplus?
Any surplus collected stays in the reserve fund for future use. It’s common for the reserve fund balance to fluctuate from year to year. In some years, the fund balance might be high, but after major projects have been carried out, the fund’s balance will diminish.