Weighted Grade Definition | Law Insider
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The various components of the Sergeant’s promotional exam will be as follows and will be weighted as follows: % Attributed to Final Overall Weighted Grade Written examination shall be a maximum of 46.25 points 46.25% Oral exam shall be a maximum of 46.25 points 46.25% Seniority shall be a maximum of 7.5 points * 7.50% * Employees shall receive one-half point for each year of service with the Department starting with the 10th year to a maximum of 25 years for a maximum of 7.5 points.
Related to Weighted Grade
Finished grade means the grade upon completion of the fill or excavation.
Passing grade means work of such character that credit would be entered on the records were the semester to close at that time.
Established Grade means that grade established by the City for the particular area in which a sidewalk is to be constructed.
Highest Rating Category means, with respect to a Permitted Investment, that the Permitted Investment is rated by S&P or Moody’s in the highest rating category given by that rating agency for that general category of security. By way of example, the Highest Rating Category for tax exempt municipal debt established by S&P is “A 1+” for debt with a term of one year or less and “AAA” for a term greater than one year, with corresponding ratings by Moody’s of “MIG 1” (for fixed rate) or “VMIG 1” (for variable rate) for three months or less and “Aaa” for greater than three months. If at any time (i) both S&P and Moody’s rate a Permitted Investment and (ii) one of those ratings is below the Highest Rating Category, then such Permitted Investment will, nevertheless, be deemed to be rated in the Highest Rating Category if the lower rating is no more than one rating category below the highest rating category of that rating agency. For example, a Permitted Investment rated “AAA” by S&P and “Aa3” by Moody’s is rated in the Highest Rating Category. If, however, the lower rating is more than one full rating category below the Highest Rating Category of that Rating Agency, then the Permitted Investment will be deemed to be rated below the Highest Rating Category. For example, a Permitted Investment rated “AAA” by S&P and “A1” by Moody’s is not rated in the Highest Rating Category.
Weighted Average SOFR means the arithmetic mean of SOFR in effect for each Business Day during the relevant Interest Period, calculated by multiplying the relevant SOFR by the number of calendar days such SOFR is in effect, determining the sum of such products and dividing such sum by the number of calendar days in the relevant Interest Period, provided however that during a Suspension Period, the SOFR for each day during that Suspension Period will be the value for the Business Day immediately prior to the first day of such Suspension Period. For purposes of this provision “Suspension Period” is the number of Business Days prior to the end of the relevant Interest Period as specified in the applicable pricing supplement.
Related Definitions
- Finished grade
- Passing grade
- Established Grade
- Highest Rating Category
- Weighted Average SOFR
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