Periodic rate

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.
References in periodicals archive ?
The International Chamber of Commerce's (ICC) arbitral tribunal in Singapore has ruled that Maynilad is entitled to just compensation from the Philippine government for its multibillion-peso foregone revenues, resulting from the refusal of MWSS in the past administration to grant its periodic rate adjustments as so provided in the 1997 concession agreement.
In their 1997 concession contracts with government, both concessionaires were assured reasonable returns on their investment as well as periodic rate adjustments.
This provides a dilemma for firms who have historically relied on periodic rate increases as a financial growth strategy.
This CD does not pay a periodic rate of interest or annual percentge yield.
This measure allows insurers to continue to use for the next 2 years periodic rate changes on a file-and-use basis, as long as the rate falls within the 6 percent flex band.
For example, it bans misrepresentations about the annual percentage rate or periodic rate.
For example, the periodic rate (y or r) for a treasury bond is the annual rate (Y or R) divided by two, and the periodic rate for a mortgage is the annual rate divided by 12.
Periodic rate specials and discounts can be found on its Web site.
What would be the appropriate effective periodic rate (EPR)?
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.
An investment of a single dollar today at a periodic rate of return of r per period will provide that dollar plus the return, or (1 + r) dollars, at the end of the first period.
WHEN seeking periodic rate hikes, officials at the Los Angeles Department of Water and Power invariably claim they're desperate for the cash.