What is non farebox revenue?
Non- Fare Box Revenue means the revenue accrued by the Bank/FI through other services through fare collection by new services other than services of Fare Box Revenue.
How is farebox recovery ratio calculated?
The farebox recovery ratio (also called fare recovery ratio, fare recovery rate or other terms) of a passenger transportation system is the fraction of operating expenses which are met by the fares paid by passengers. It is computed by dividing the system’s total fare revenue by its total operating expenses.
How do you calculate bond’s recovery rate?
Calculating Recovery Rate Once a target group is identified, add up how much money was extended to it over the given time period and then add up the total sum paid back by that group. Next, divide the total payment amount by the total amount of debt. The result is the recovery rate.
What is a recovery ratio?
Benchmarks and Indicators / Cost Recovery Ratio. Cost Recovery Ratio. This is the ratio of fare revenue to total operating costs, and is a key indicator of financial performance. It may most conveniently be expressed as a percentage.
What is meant by loan recovery?
Recovery rate, commonly used in credit risk management, refers to the amount recovered when a loan defaults. In other words, the recovery rate is the amount, expressed as a percentage, recovered from a loan when the borrower is unable to settle the full outstanding amount.
What is recovery management in banks?
Recovery Management Systems will design a collection strategy to meet bank’s objectives. Bank can recover their debts without losing customers. Monthly settlements with meaningful reporting. Garnishments, liens, and levies Recovery Management Systems will collect when legal action is the only option.
What is credit recovery in finance?
Debt collection is a creditor’s attempt to recover consumer credit and loans that have not been paid back by a customer. Debt recovery is when a loan—such as a credit card balance—continues to go unpaid, and a creditor hires a third party, known as a collection service, to focus on collecting the money.
What recovery means?
English Language Learners Definition of recovery : the act or process of becoming healthy after an illness or injury : the act or process of recovering. : the act or process of returning to a normal state after a period of difficulty. : the return of something that has been lost, stolen, etc.
What is bank recovery department?
A recovery agency pursues customers and businesses that owe payments to banks. Most of these recovery agencies act as agents in collecting the dues of customers for a fee or a percentage of the total money owed. These are generally third-party agencies as they are not part of the original contract.
What is recovery management?
Recovery Management is the process of planning, testing, and implementing the recovery procedures ad standards required to restore service in the event of a component failure; either by returning the component to normal operation, or taking alternative actions to restore service.
What is loan recovery process?
When a borrower is unable to repay a loan, the lending institution initiates a loan recovery process. RBI guidelines for loan recovery ensure that the process is beneficial to the lender while also respecting the borrower’s legal rights and obligations.
What is loan recovery?
Why is it important to track farebox revenue?
Farebox Revenue Keeping track of farebox revenue provides the authority with important financial management information: To construct the farebox recovery ratio and other benchmarks and indicators that measure the bus system’s financial performance. To assist the authority to set and adjust the fare level.
Why do we need a farebox recovery ratio?
To construct the farebox recovery ratio and other benchmarks and indicators that measure the bus system’s financial performance. To assist the authority to set and adjust the fare level. To determine the degree to which the bus system can fund capital investments from farebox revenue.
Can a farebox be counted as a match for transit?
Farebox revenue is normally not allowed to be counted as match for transit. How will it be allowed for vanpools? How do you calculate the credit to be used as local match? What information must be provided if a grantee is seeking credit towards its local share with the use of Federal funds?