Revenue Definition Law Insider
If the customer revenue is greater than 500 us for any calendar month customer shall be paid within 30 days after end of the calendar month.
Revenue definition law insider. Definition and interpretations 52. Premium revenue recognition gross and ceded premiums are earned in proportion to the amount of risk outstanding over the expected period of coverage. The customer revenue shall be paid by altnet to customer on the following basis. The adjusted premium revenue is premium revenue minus the contractor s federal state and local taxes licensing and regulatory fees as.
Premium revenue recognition premiums are received either up front or over time on an installment basis. The revenue recognition principle using accrual accounting. Acquired revenue means for any acquired entity or business for any period the total consolidated revenue of such acquired entity or business for such period as set forth in historical financial statements for the latest 12 month period preceding the date of the respective permitted acquisition which are available to the borrower so long as the respective 12 month period ends not later then. Without restricting the generality of the foregoing this shall include any funds arising from the enforcement of the provincial legislation within the designated area including fines and penalties funds generated by tickets or tags.
A survey produced quarterly by the census bureau that provides estimates of total operating revenue and percentage of revenue by customer class for communication key. Net gaming revenue shall not include any amount received from credit extended or collected for purposes other than gaming or the wagering by a gaming patron of any promotional gaming credit issued by the casino. Means the total of all sums actually received from the operation of gaming at the project less the total paid out as winnings to gaming patrons. Define net gaming revenue.
Revenue recognition is a generally accepted accounting principle gaap that stipulates how and when revenue is to be recognized.