expected forgiveness amount
Defined in 1 dictionary — U.S. Code
United States Code
15 U.S.C. § 636m — in this section
the term "expected forgiveness amount" means the amount of principal that a lender reasonably expects a borrower to expend during the covered period on the sum of any—
(A) payroll costs;
(B) payments of interest on any covered mortgage obligation (which shall not include any prepayment of or payment of principal on a covered mortgage obligation);
(C) payments on any covered rent obligation;
(D) covered utility payments;
(E) covered operations expenditures;
(F) covered property damage costs;
(G) covered supplier costs; and
(H) covered worker protection expenditures; and