Non-representative and Revenue: Difference between pages

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''Interest rates - reference rates - LIBOR transition.''
1. ''Accounting''.


A rate losing representativeness means it is considered by the regulator to have ceased being representative of the underlying market or economic reality it is supposed to represent, and that representativeness will not be restored.  
The value of goods and services sold.  


A rate becoming non-representative in this way may be a trigger for the application of fallback rate provisions, rate switch provisions, or clauses providing for the re-negotiation of the agreement in question to replace the relevant rate, all of which may appear in LIBOR-referencing loans.
Generally the first line in an income statement or profit and loss account, and for this reason sometimes referred to as “the top line”.  


Some companies (or other reporting entities) with undiversified businesses use specialised terms for their revenue, for example “Rental Income”.


If a rate such as LIBOR loses representativeness, regulated financial institutions will be prevented from
Used in this sense, the term means the same as Sales or Turnover.
using it in many contexts by the EU and UK regulatory framework that governs the use of important benchmarks.  


For all practical purposes, this means that if a LIBOR rate becomes non-representative, the consequences are no different to had it ceased.


''(Source - The LMA’S recommended forms of facility agreement for loans referencing risk-free rates - A Borrower’s Guide - Slaughter & May - ACT - May 2021 - p11)''
2. ''Accounting''.
 
Shorter term items, particularly of expenditure.
 
Contrasted with ''capital'' items.
 
 
3. ''Government''.
 
'The Revenue': tax collecting department.
 
 
4. ''Economics''. 
 
Revenue is produced by demand satisfied by supply, resulting in an equilibrium quantity and price being set by the market.




== See also ==
== See also ==
* [[Base rate]]
* [[Accrued income]]
* [[Benchmark]]
* [[Annual recurring revenue]]
* [[Benchmarks Regulation]]
* [[ARPU]]
* [[Fallback]]
* [[Bottom line]]
* [[Financial Conduct Authority]]
* [[Capital]]
* [[Provision]]
* [[Capital expenditure]]
* [[Rate switch]]
* [[Chief Revenue Officer]]
* [[Reference rate]]
* [[Churn]]
* [[SOFR]]
* [[Her Majesty’s Revenue & Customs]]  (HMRC)
* [[SONIA]]
* [[Incremental revenue]]
* [[Synthetic LIBOR]]
* [[Internal Revenue Service]]  (IRS)
* [[Transition risk]]
* [[Like for like]]
* [[Waterfall]]
* [[Marginal revenue]]
* [[Recognition]]
* [[Revenue expenditure]]
*[[Revenue recognition]]
* [[Revenue Scotland]]
* [[Sales]]
* [[Turnover]]
* [[Underlying]]
* [[Tax]]
* [[Welsh Revenue Authority]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Revision as of 15:51, 20 July 2022

1. Accounting.

The value of goods and services sold.

Generally the first line in an income statement or profit and loss account, and for this reason sometimes referred to as “the top line”.

Some companies (or other reporting entities) with undiversified businesses use specialised terms for their revenue, for example “Rental Income”.

Used in this sense, the term means the same as Sales or Turnover.


2. Accounting.

Shorter term items, particularly of expenditure.

Contrasted with capital items.


3. Government.

'The Revenue': tax collecting department.


4. Economics.

Revenue is produced by demand satisfied by supply, resulting in an equilibrium quantity and price being set by the market.


See also

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