It is only
the excess over the minimum payment that the law says must be applied to the balance being charged the highest rate.
Not exact matches
At a
minimum, we look for a 400 - basis - point annual
excess return
over the public equity markets.
A participant who is granted an ISO does not recognize taxable income at the time the ISO is granted or upon its exercise, but the
excess of the aggregate fair market value of the shares acquired on the exercise date (ISO shares)
over the aggregate exercise price paid by the participant is included in the participant's income for alternative
minimum tax purposes.
This represents an
excess of 50 %
over the
minimum required for ballot status.
The likelihoods are computed from the
excess, delta.r2, of r2
over its
minimum value, minr2 (occurring where the model run parameters provide the best fit to observations), divided by m, the number of free model parameters, here 3.
The
excess income earned in the Discontinuance Policy Fund
over and above the
minimum guaranteed interest rate shall also be apportioned to the Discontinuance Policy Fund in arriving at the proceeds of the discontinued policies and shall not be made available to the Company.