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It's the ratio of leverage to core capital at a bank, wikipedia has an excellent explanation
Adersely Classified Assets/Tier 1 Capital +Allowance
The answer will depend on WHERE!. In my room, no seats are tier seats.
Middle English (in the senses 'step,' 'tier,' 'rank,' or 'relative state'): from Old French, based on Latin de- 'down' + gradus 'step or grade.'
In the mathematical context, yes.