Search Definitions

The amount arising from adjusting the gross carrying amount of a financial asset to reflect the renegotiated or modified contractual cash flows. The entity recalculates the gross carrying amount of a financial asset as the present value of the estimated …

A financial asset is past due when a counterparty has failed to make a payment when that payment was contractually due. …

Purchased or originated financial asset(s) that are credit-impaired on initial recognition. …

The first day of the first reporting period following the change in business model that results in an entity reclassifying financial …

A purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the marketplace …

Incremental costs that are directly attributable to the acquisition, issue or disposal of a financial asset or financial liability (see paragraph B5.4.8 ). An incremental cost is one that would not have been incurred if the entity had not acquired, issued …

An operating segment is a component of an entity: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity), (b) whose …

In this Standard: …

attachment date means, for a direct insurer, the date as from which the insurer accepts risk from the insured under an insurance contract or endorsement or, for a reinsurer, the date from which the reinsurer accepts risk from the direct insurer or another …

cedant means the policyholder under a reinsurance contract …