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Additionally, separate intangible assets that would be recognized under the alternative would be measured at fair value, but if the intangible asset relates to a noncancelable contract, only market participant assumptions about the remaining noncancelable term of the contract would be considered in the fair value measurement.
The warranty goes into effect immediately with no waiting period and is noncancelable, meaning that it remains in force even if the manufacturer goes bankrupt.
Negative factors supporting Moody's outlook for the nonprofit health care sector include: high rates of unemployment, lower rates of health care utilization, and increased exposure to governmental payers and self-pay, pressure on all hospital revenue streams including Medicare, Medicaid, commercial payers and philanthropy; increased difficulty containing costs following two years of expense reduction; and ongoing balance sheet pressures due to exposure to bank liquidity facility renewal risk, pension obligations and increased exposure to noncancelable operating leases.
For storage purposes, a five-year noncancelable lease for two 20,000-square-foot warehouses has been signed and will cost $600,000 annually for both warehouses ($3 million over a five-year period).
Also referred to as a "noncan policy," when a policy is noncancelable the insured individual has a right to continue the policy at a set premium up to a specified age.
Noncancelable means that after a medical exam is taken and the insurer issues the policy, the coverage and premiums cannot be raised.
Noncancelable, nonreturnable (NCNR) custom parts are also a cost driver.
However, if available a noncancelable policy is even better than a guaranteed renewable policy.
GIT and the Foundation sublease a portion of the office space for their corporate headquarters under noncancelable sublease agreements with the Society and CAMICO, respectively, also expiring in July 2010.
Noncancelable--One type of renewability provision is the noncancelable type.
Any consumer who purchases a product or service for a "Special Internet Rate" that is available only for immediate purchases and which makes the order "nonrefundable, noncancelable, and non-changeable" shall, nonetheless, be allowed to cancel the order within 2 hours of the completion of the sale.