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Interest Rate

The percentage of the value of a balance or debt that one pays or is paid each time period. For example, if one holds a bond with a face value of $1,000 and a 3% interest rate payable each quarter, one receives $30 each quarter. The percentage of the interest rate remains constant (usually), but the amount one pays or is paid changes according to the amount of the balance or debt. For example, if one pays off part of the principal on a loan each month, the amount one pays in interest decreases even though the rate remains the same. See also: Time Value of Money.


See Interest Rate.

References in periodicals archive ?
For more than 26 years, RATA has pioneered HMDA and CRA compliance software, developing some of the industry's most technologically-advanced software,” said John R.
Ya en la primera pagina, Delfin menciona el hecho central del relato: "Julio se habia suicidado" (Las ratas 13), el cual remite al ultimo capitulo (XV), donde se narra ese desenlace.
She admitted a high pro rata is a difficult problem to overcome, but in many cases, such as with buildings with a block of sponsor units on the market, arrangements can be made.
As regulations change, we're confident RATA will continue to innovate and provide solutions that keep us compliant.
Dow will pay two pro rata dividends that together total Dow's current quarterly dividend rate of $0.
Woloshen, chief executive officer of RATA, said, "At RATA, we pride ourselves on our ability to provide industry-leading compliance software and unparalleled customer service.
1363(d), each of the limited partnerships should be viewed as an aggregation of its partners; consequently, C, as a limited partner in each of the partnerships, is deemed to own a pro rata share of each partnership's inventory of automobiles and light trucks.
This Verizon Communications pro rata dividend, combined with the pro rata dividends declared on June 1 by the boards of Bell Atlantic Corp.
Previously using free software provided by the FFIEC, Deborah Herman, vice president of quality control for the bank, identified a need for a new solution and called upon RATA for support.
Raffi Festekjian, PCi's co-founder, said, "In 1994, when we were just coming out with our Windows-based Wiz(TM) software, RATA had already created a national service-bureau solution for the financial services industry's compliance geocoding problems.
691 to any item of income of the S corporation in the same manner as if the decedent had held directly his pro rata share of such item.
RATA Associates, an industry-leading provider of Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) and Fair Lending compliance software and geocoding services for financial institutions, announced Greer State Bank streamlined and improved its CRA data submission process by using RATA's Comply Suite, resulting in very positive feedback from its CRA examiner.