surplus
Defined in 3 places across 3 titles of the United States Code.
In paragraph (1), the term “surplus” means the amount (if any) by which—
(A) the sum of the interest and fees collected by the Bank; exceeds
(B) the sum of—
(I) 1 the funds set aside to cover expected losses on transactions financed by the Bank; and
(ii) the costs incurred to cover the administrative expenses of the Bank.
Source
- 2012–201512 U.S.C. § 635ABanks and Banking · Management of Bank · in this section
In paragraph (1), the term "surplus" means the amount (if any) by which—
(A) the sum of the interest and fees collected by the Bank; exceeds
(B) the sum of—
(i) the funds set aside to cover expected losses on transactions financed by the Bank; and
(ii) the costs incurred to cover the administrative expenses of the Bank.
Source
- 2015–present12 U.S.C. § 635ABanks and Banking · Management of Bank · in this section
The adjusted surplus as of the beginning of the organization's 1st taxable year beginning after December 31, 1986, shall be its surplus as of such time. For purposes of the preceding sentence and subsection (c)(3)(C), the term “surplus” means the excess of the total assets over total liabilities as shown on the annual statement.
Source
- 1994–present26 U.S.C. § 833Internal Revenue Code · Treatment of Blue Cross and Blue Shield organizations, etc. · in this section
The term “surplus” means, with respect to a fiscal year, the amount by which receipts exceeds 2 outlays during that year.
Source
- 1994–present2 U.S.C. § 622The Congress · Definitions · in this section