Compounding and Crediting of Interest Sample Clauses

The "Compounding and Crediting of Interest" clause defines how interest is calculated and added to the principal balance over time. Typically, this clause specifies the frequency with which interest is compounded—such as daily, monthly, or annually—and when the accrued interest is credited to the account or loan. For example, in a savings account, interest might be compounded monthly and credited at the end of each month, increasing the account balance for future interest calculations. The core function of this clause is to ensure transparency and predictability in how interest accumulates, helping both parties understand the growth of balances or obligations over time.
Compounding and Crediting of Interest. The interest rate for this CD is established on the day you open the CD. Interest will be compounded daily and credited monthly.
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Compounding and Crediting of Interest. The interest rate for this account is established on the day you open the CD. Interest will be compounded daily and credited monthly.
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Compounding and Crediting of Interest. Interest begins to accrue no later than the first business day the Bank receives credit for the deposit of noncash items (for example, checks), i.e., interest is paid on collected balances. The Bank relies upon the availability schedule of its Federal Reserve Bank to establish when credit is received for the deposit of noncash items. Interest is compounded daily and credited on the last day of the statement cycle, with one exception. If your account is closed before interest is credited, you will not receive the accrued interest.
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Compounding and Crediting of Interest. Interest begins to accrue no later than the first business day the Bank receives credit for the deposit of non-cash items (for example, checks), i.e., interest is paid on collected balances. The Bank relies upon the availability schedule of its Federal Reserve Bank to establish when credit is received for the deposit of non- cash items. Interest is compounded daily and credited on the last day of the statement cycle; however, if you have a Regular Savings, Young Savers, or Secured Credit Card Savings Account which is not tied to a checking account, your interest will be credited at month-end. If your account is closed before interest is credited, you will not receive the accrued interest.
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Compounding and Crediting of Interest. Dividends begin to accrue on the day you open or renew a Certificate. If an additional deposit of cash, check or any other non-cash item is being made to the certificate at maturity, this deposit will begin to accrue dividends as of the maturity date. Dividends will be compounded according to your Business Rates and Fees Schedule. Dividends may be credited to another Share type within the account, quarterly, or at maturity depending on the certificate term. If you select to transfer dividend payments during the term of your Certificates, dividends are not compounded.
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Compounding and Crediting of Interest. Interest will be compounded and credited to your Account monthly on the last day of your monthly statement period. If the Account is closed before monthly interest is credited, interest accrued during the calendar month in which the Account is closed will be credited or paid to you through the day prior to your Account closure.
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Compounding and Crediting of Interest. (i) Frequency: Interest will be compounded on a quarterly basis and credited to your Account quarterly.
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Compounding and Crediting of Interest 
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Related to Compounding and Crediting of Interest

  • Determination of Rate of Interest and calculation of Interest Amounts The Principal Paying Agent, in the case of Floating Rate Notes, and the Calculation Agent, in the case of Index Linked Interest Notes, will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. In the case of Index Linked Interest Notes, the Calculation Agent will notify the Principal Paying Agent of the Rate of Interest for the relevant Interest Period as soon as practicable after calculating the same. The Principal Paying Agent will calculate the amount of interest (the “Interest Amount”) payable on the Floating Rate Notes or Index Linked Interest Notes for the relevant Interest Period by applying the Rate of Interest to: (i) in the case of Floating Rate Notes or Index Linked Interest Notes which are represented by a Global Note, the aggregate outstanding nominal amount of the Notes represented by such Global Note (or, if they are Partly Paid Notes, the aggregate amount paid up); or (ii) in the case of Floating Rate Notes or Index Linked Interest Notes in definitive form, the Calculation Amount; and, in each case, multiplying such sum by the applicable Day Count Fraction, and rounding the resultant figure to the nearest sub-unit of the relevant Specified Currency, half of any such sub-unit being rounded upwards or otherwise in accordance with applicable market convention. Where the Specified Denomination of a Floating Rate Note or an Index Linked Interest Note in definitive form is a multiple of the Calculation Amount, the Interest Amount payable in respect of such Note shall be the product of the amount (determined in the manner provided above) for each Calculation Amount and the amount by which the Calculation Amount is multiplied to reach the Specified Denomination without any further rounding.

  • Payment of Interest on the Credit Extensions (a) Interest Rate.

  • Alternative basis of interest or funding (a) If a Market Disruption Event occurs and the Agent or the Company so requires, the Agent and the Company shall enter into negotiations (for a period of not more than thirty days) with a view to agreeing a substitute basis for determining the rate of interest. (b) Any alternative basis agreed pursuant to paragraph (a) above shall, with the prior consent of all the Lenders and the Company, be binding on all Parties.

  • Pooling of Interests To its knowledge, based on consultation with its independent accountants, neither Parent nor any of its directors, officers or affiliates has taken any action which would interfere with Parent's ability to account for the Merger as a pooling of interests.

  • Compounding of default interest Any such interest which is not paid at the end of the period by reference to which it was determined shall thereupon be compounded.