Interest Calculation Method definition

Interest Calculation Method means the calculation method of determining the interest due under the terms of this Note, and as described in Section 1 below.
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Interest Calculation Method. The interest shall accrue on the amount of the Entrusted Loan actually drawn by the Borrower from the first Drawdown Date to the date the interest is finally determined. For purpose of determining the interest hereunder, one year shall be 360 days.
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Interest Calculation Method. : “Interest Rate” means the annual interest rate of ___%
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Examples of Interest Calculation Method in a sentence

  • Average Daily Balance Interest Calculation Method Refunds and rebates for the Medical Assistance Program (CFDA 93.778) will be tracked by program.

  • The Loan Interest Credit is calculated using the Loan Interest Calculation Method, shown in the Policy Specifications, and is based on the balance in the Loan Account using the Guaranteed Annual Loan Account Credit Interest Rate, shown in the Policy Specifications.

  • Interest Calculation Method 3360 30/360 A360 Actual/360 A365 Actual/365 AA Actual/Actual Loan Type COMI Conventional, with mi.

  • Interest on the unpaid principal balance on this Note will be calculated as described in the "Interest Calculation Method" paragraph using a rate equal to the Index in effect from time to time plus 2.50%.

  • Lender will determine and allocate interest using the Interest Calculation Method specified in Section 1.

  • REVOLVING CREDIT NOTE U.S. $2,000,000.00 September 6, 2018 Interest Calculation Method.

  • Interest Calculation Method --------------------------- 3360 30/360 A360 Actual/360 A365 Actual/365 AA Actual/Actual Loan Type --------- COMI Conventional, with mi.

  • Number Interest Calculation Method The basis on which interest is calculated.


More Definitions of Interest Calculation Method

Interest Calculation Method. “Fixed Interest Rate” means the annual interest rate of ___% ☐ 30/360 ☐ Actual/360
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Interest Calculation Method. Interest on this Note shall be calculated on the basis of a 360‑day year and charged for the actual number of days elapsed in an interest period; that is, by applying the ratio of the interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding during the Interest Period. All interest payable under this Note is computed using this method.
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Interest Calculation Method. A The basis on which interest is calculated. See Enumerations worksheet.
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Related to Interest Calculation Method

  • Balance Computation Method We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day. Compounding and Crediting: Interest is compounded daily and calculated on a 365/366 day basis. Interest is credited on a monthly basis.

  • Interest Calculation Period means the interest calculation period set out or referred to in item 5(d) of the Mortgage Form;

  • Rate Calculation Date means the day which is two Rate Calculation Business Days before the due date of the relevant amount under these Conditions;

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Floating Rate Calculation Date means, for any Quarterly Floating Rate Period, the 30th day prior to the first day of such Quarterly Floating Rate Period.