the gross earnings of the System (water or sewer), including all revenues, income and earnings of the System derived from user charges imposed by the municipality, all payments to the municipality under any agreements between the municipality and any contract users of the System, and any other monies received from any source by the System including all rentals and fees. This term is typically used in establishing the Debt Coverage requirement. (See also Net Revenues)
An accounting term which is arrived at by subtracting the cost of goods sold from the total sales. Traditionally, the term was used primarily in Business Interruption Insurance as the basis for determining how much insurance a policyholder should carry. The latest Business Income insurance forms have dropped this term.
Refers to coverage for loss in the gross earnings (minus expenses that cease during the period of interruption) as a result of a business interruption caused by damage to covered property by an insured peril.