BASE LEVEL COLLATERAL ACCOUNT BALANCE

Example Definitions of "BASE LEVEL COLLATERAL ACCOUNT BALANCE"
BASE LEVEL COLLATERAL ACCOUNT BALANCE. Means, with respect to any Distribution Date, an amount equal to the greater of (a) the Initial Deposit or (b) one percent (1%) of the most recently determined Receivable Portfolio Balance.
Found in FIRST INVESTORS FINANCIAL SERVICES GROUP INC contract
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