Accrual of Interest definition

Accrual of Interest means, with reference to each Receivable, the Interest Component, pro rata temporis on the basis of a month of 30 days, calculated, with reference to the Initial Receivables, as at the Financial Effective Date and, with reference to the Subsequent Receivables, as at the relevant Valuation Date and relating to the first Instalment falling due after such Financial Effective Date or Valuation Date, as the case may be.

Accrual of Interest. Interest shall cease to accrue on each Note on the due date for redemption unless, upon due presentation, payment is improperly withheld or refused, in which event interest shall continue to accrue (both before and after judgment) at the Rate of Interest in the manner provided in this Condition 6 to the Relevant Date (as defined in Condition 9).

Accrual of Interest. Interest will begin to accrue on the business day you deposit cash and non-cash items (e.g., checks) to your account. Account Restrictions: This certificate of deposit is for minors 0-17 years of age. Additional deposits to these accounts, other than the payment of interest as described in Compounding and Crediting are not allowed prior to maturity. Other than the payment of interest as described in Compounding and Crediting, you may not withdraw from this account prior to maturity. There are certain circumstances, such as the death or incompetence of an owner, where we may waive or reduce this penalty. Early Withdrawal Penalties: The penalty for early withdrawal on the 12-Month Youth Certificate of Deposit will equal 90 days of interest on your deposit. If the early withdrawal reduces the principal below the minimum balance required to open this account, the certificate will be canceled. If the interest available at the time of early withdrawal is not sufficient to cover the applicable penalty, the Credit Union may deduct from the principal amount to cover the penalty. IRA CERTIFICATE OF DEPOSIT: The interest rates to be earned on IRA certificates are predetermined and may change daily. The rate you may earn on an IRA certificate of deposit is contractually set for the term of your certificate. Our current daily offering rates on IRA certificates are available by contacting us by phone, on our website, or through inquiry at any of our branch locations. Once you purchase an IRA certificate, your interest rate will not be changed or recalculated during the term of the certificate. The Annual Percentage Yield (APY) assumes that interest earned will remain on deposit until maturity. Earnings will be reduced if you have interest deposited in another account. Compounding and Crediting: Interest on the 12-, 18-, 24-, 36-, 48-, and 60-Month IRA Certificates will be compounded and credited monthly. Interest earned can be received as follows:

Examples of Accrual of Interest in a sentence

• Accrual of Interest on Noncash Deposits — Interest begins to accrue on the business day you deposit noncash items (for example, checks).

• Accrual of Interest: Interest shall cease to accrue on each Note on the due date for redemption unless, upon due presentation, payment is improperly withheld or refused by the Issuer or the Agents, in which event interest shall continue to accrue (both before and after judgment) at the Rate of Interest in the manner provided in this Condition 5 to the Relevant Date (as defined in Condition 8).

• Accrual of Interest: Interest shall cease to accrue on each Note on the due date for redemption unless, upon due presentation, payment is improperly withheld or refused, in which event interest shall continue to accrue (both before and after judgment) at the Rate of Interest in the manner provided in this Condition 5 to the Relevant Date (as defined in Condition 8).

• Accrual of Interest: Providers are not allowed to retain more than $100 in interest earned on federal funds per year per Title 45 CFR, 92.21(i).

• No Accrual of Interest on Loans of Certain Active Duty ServicemembersFor all types of loans made through the Direct Loan program that were first disbursed on or after October 1, 2008, no interest accrues during a period of up to 60 months while the borrower is serving on active duty in the Armed Forces or is performing qualifying National Guard duty in an area of hostilities during a war or national emergency.

• Accrual of Interest on Non-cash Items Accrual of interest on non-cash items (for example, checks) you deposit will begin on the business day you deposit such non-cash items.

• Accrual of Interest on Child Support ........................................................

• There will not be any periodic payments of interest on the Notes.(2) Accrual of Interest.

• The Amortisation Yield[s] [is][are] [insert Amortisation Yield][In the case of different Amortisation Yields for individual Interest Periods, set forth applicable provisions (including fallback provisions) herein]] [Continuation of general terms and conditions for interest:[(●)] Accrual of Interest and Default Interest.

• CBOEC should reduce its reliance on sole source procurements and modify its purchasing rules to bring them in line with City and County practices.MANAGEMENT RESPONSE23 1.

More Definitions of Accrual of Interest

Accrual of Interest. Interest will begin to accrue on the business day you deposit cash and non-cash items (e.g., checks) to your account. Account Restrictions: With the exception of Super Saver Certificates, additional deposits to these accounts, other than the payment of interest as described in Compounding and Crediting are not allowed prior to maturity. Other than the payment of interest as described in Compounding and Crediting, you may not withdraw from this account prior to maturity. There are certain circumstances, such as the death or incompetence of an owner, where we may waive or reduce this penalty. Early Withdrawal Penalties: The penalty for early withdrawal on the one-year certificate will equal 90 days of interest on your deposit. The penalty for early withdrawal on the 18-month, two, three and four year certificate will be 180 days interest on your deposit. The penalty for early withdrawal on the five-year certificate will be equal to one (1) year interest on your deposit. If the early withdrawal reduces the principal below the minimum balance required to open this account, the certificate will be canceled. If the interest available at the time of early withdrawal is not sufficient to cover the applicable penalty, the Credit Union may deduct from the principal amount to cover the penalty.

Accrual of Interest. Interest shall cease to accrue on each Note on the due date for redemption unless, upon due presentation, payment is improperly withheld or refused, in which event interest shall continue to accrue (both before and after judgment) at the Rate of Interest in the manner provided in this Condition 5 to the Relevant Date (as defined in Condition 8) (Taxation).

Accrual of Interest. Interest will begin to accrue on the business day you deposit cash and non-cash items (e.g., checks) to your account. Account Restrictions: With the exception of Super Saver Certificates, additional deposits to these accounts, other than the payment of interest as described in Compounding and Crediting are not allowed prior to maturity. Other than the payment of interest as described in Compounding and Crediting, you may not withdraw from this account prior to maturity. There are certain circumstances, such as the death or incompetence of an owner, where we may waive or reduce this penalty. Early Withdrawal Penalties: The penalty for early withdrawal on the one-year certificate will equal 90 days of interest on your deposit. The penalty for early withdrawal on the 18-month, two, three and four year certificate will be 180 days interest on your deposit. The penalty for early withdrawal on the five-year certificate will be equal to one (1) year interest on your deposit. If the early withdrawal reduces the principal below the minimum balance required to open this account, the certificate will be canceled. If the interest available at the time of early withdrawal is not sufficient to cover the applicable penalty, the Credit Union may deduct from the principal amount to cover the penalty. NESTFUND CERTIFICATES: If you purchase a NestFund Certificate, you may make additional deposits into that certificate throughout its term. NestFund Certificates are available in 24-, 36-, 48-, and 60-month terms. Variable Rate Information: This account is subject to a Variable Rate. The interest rate and corresponding Annual Percentage Yield (APY) may change. Current interest rate and APY will be available each business day in our offices and on our website. The APY is a percentage rate that reflects the total amount of interest to be paid on an account based on the interest rate and frequency of compounding for an annual period. For this certificate, the Interest Rate and Annual Percentage Yield are variable and will be indexed to the S&P/Case-Shiller Detroit Home Price Index. Rates will adjust the first business day of each month to reflect the changed index. Rates will not be less than 0.50% and will never exceed 3.00%. Compounding and Crediting: Interest on the 24-, 36-, 48-, or 60-month certificates will be compounded and credited monthly. Interest earned will be rolled into your certificate.