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).
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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.
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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).
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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.
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Related to Application Approval Rate

  • Application Approval Date means the date that the Application is approved by the Board of Trustees of the District and as further identified in Section 2.3.B of this Agreement.

  • Approval Application means a BLA, NDA or similar application or submission for a Product filed with a Regulatory Authority in a country or group of countries to obtain marketing approval for a biological or pharmaceutical product in that country or group of countries.

  • Marketing Authorization Application or “MAA” means an application for Regulatory Approval (but excluding Pricing Approval) in any particular jurisdiction other than the U.S.

  • Non-Approval Event means, in respect of the Benchmark:

  • Creation Application means an application by a Participating Dealer for the creation and issue of Units in an Application Unit size (or whole multiples thereof) in accordance with the Operating Guidelines and the Trust Deed.