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Wiley GAAP 2008 by Colorado Steven M. Bragg Englewood, Ralph Nach American Express Tax and Business Inc., Barry J. Epstein

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Definitions of Terms

Accretable yieldIn the context of loans acquired in transfers, the cash flows expected to be collected in excess of the initial investment.
Carrying amountThe face amount of the interest‐bearing asset plus (or minus) the unamortized premium (or discount).
Commitment feesFees charged for entering into an agreement that obligates the enterprise to make or acquire a loan or to satisfy an obligation of the other party under a specified condition. For purposes of this Statement, the term commitment fees includes fees for letters of credit and obligations to purchase a loan or group of loans and pass‐through certificates.
General reserveUsed in the context of the special meaning this term has in regulatory pronouncements and in the US Internal Revenue Code.
Incremental direct costsCosts to originate a loan that (1) result directly from and are essential to the lending transaction and (2) would not have been incurred by the lender had that lending transaction not occurred.
Long‐term interest‐bearing assetsFor purposes of this section, these are interest‐bearing assets with a remaining term to maturity of more than one year.
Net‐spread methodUnder this method, the acquisition of a savings and loan association is viewed as the acquisition of a leveraged whole rather than the acquisition of the separate assets and liabilities of the association.
Nonaccretable differenceIn the context of loans acquired in a transfer, the excess of contractual cash flows over the amount of expected ...

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