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Periodic Rate

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Periodic rate
The monthly effective interest rate. For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month.

Periodic Rate
The cost of funds or interest rate for a single month instead of an entire year. For example, if the APR on a credit card is 36%, the periodic rate is 3% because the card holder pays 3% in interest each month.


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The UN Environment Programme (UNEP) said in a report that whilst nature has always observed a certain periodic rate of deglaciation, the current trends observed from the Arctic to Central Europe and South America are of a different order.
A periodic rate cap limits the amount the rate can increase at any one time.
According to Regulation DD (Truth in Savings), which governs consumer-purpose deposit accounts, "interest means any payment to a consumer or to an account for the use of funds in an account, calculated by application of a periodic rate to the balance.
 
 
 
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