Application Approval Rate definition
Application Approval Rate means, for any Month, the number of credit applications (excluding duplicate applications or applications that have been previously submitted) submitted during such Month that are accepted by Household, divided by the total number of applications submitted during such Month (excluding duplicate applications or applications that have been previously submitted).
Application Approval Rate means the figure, expressed as a percentage, for a rolling twelve (12) month calendar period, the total number of Valid Applications approved by Bank divided by the total number of Valid Applications, regardless of the method of submission, including in-store, Web or other application method utilized in connection with the Program but excluding pre-screened or pre-qualified, or Quick Qualify transactions.
Application Approval Rate or “Approval Rate” means, for any calendar month, the number of credit applications (excluding duplicate applications or applications that have been previously submitted) submitted during such month that are approved by Household, divided by the total number of applications submitted during such month (excluding duplicate applications or applications that have been previously submitted).
Examples of Application Approval Rate in a sentence
Bank will use commercially reasonable efforts to satisfy agreed minimum targets for (i) Application Approval Rate and (ii) Average Initial Credit Limit, as described below in this Schedule 2.2(c).
More Definitions of Application Approval Rate
Application Approval Rate shall have the meaning set forth in Schedule 3.6.