Common use of Interest Clause in Contracts

Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● Average Daily Balance (ADB) multiplied by ● Daily Periodic Rate (DPR) multiplied by ● number of days the DPR was in effect. ADB To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.

Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● Average Daily Balance (ADB) multiplied by x ● Daily Periodic Rate (DPR) multiplied by x ● number of days the DPR was in effect. ADB To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.

Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● Average Daily Balance (ADB) multiplied by ● Daily Periodic Rate (DPR) multiplied by ● number Number of days the DPR was in effect. ADB To get the ADB for a balance, we add up its daily balanceseach Daily Balance Subject to Interest (see below). Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.

Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● • Average Daily Balance (ADB) multiplied by ● • Daily Periodic Rate (DPR) multiplied by ● • number of days the DPR was in effect. ADB To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.

Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● ⚫ Average Daily Balance (ADB) multiplied by ● x ⚫ Daily Periodic Rate (DPR) multiplied by ● x ⚫ number of days the DPR was in effect. ADB To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.

Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ●  Average Daily Balance (ADB) multiplied by ● x  Daily Periodic Rate (DPR) multiplied by ● x  number of days the DPR was in effect. ADB To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.

Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● Average Daily Balance (ADB) multiplied by ● Daily Periodic Rate (DPR) multiplied by ● number of days the DPR was in effect. ADB To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.. DPR