contract rate

contract rate

The face rate of the interest on a promissory note;typically the interest rate quoted, as opposed to the federally mandated calculation of annual percentage rate (APR) which treats certain prepaid loan costs as additional interest.

References in periodicals archive ?
Hunt Transport Services recently sent a letter to customers warning of stiff contract rate increases.
The BoD also approved revised discounted contract rate of Transformer Reclamation Workshop SaraiNorang.
The contract rate for the 15-year mortgage remained steady at 4.
The contract rate on the composite of all mortgage loans fell 9 bps to 4.
R [equivalent to] Annual contract rate (or coupon rate) compounded n times per year;
If the maturity date has not been brought forward by the final review date at the end of five years, and the determination rate is unchanged or if the yen has weakened relative to the contract rate, bonus interest will be paid and the basic interest, bonus interest, and the maturing principal will be paid in yen.
The Blue Cross contract rate structure should be used as a guide for all other providers,'' the consultant said in a report.
Born in Ghana and now a United States citizen, Adu signed a six-year contract rate last year with Major League Soccer that is said to be worth $500,000 per year.
1, 1985, and the net present value of future cashflows for each respective instrument at its contract rate.
Rates will rise gradually throughout 2003 as the pace of economic activity accelerates with the average 30-year, fixed-rate mortgage contract rate at 6.
for example, was buying power from the Eugene (Oregon) Water and Electric Board (EWEB) at a very favorable contract rate and selling much of its own generation at much higher market rates.
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