Calculated monthly definition

Calculated monthly means monthly interest accrues as of the first day of the month, calculated by dividing the annual rate by twelve. For example, if the rate of interest is 18 percent per year, and a tax certificate is purchased on June 15, a full one and one-half percent is earned by the purchaser on July 1.
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Calculated monthly means that monthly interest is earned as of the first day of the month, calculated by dividing the annual rate by twelve. For example, if the rate of interest is 18 percent per year, a full one and one-half percent is earned as of the first day of each month.
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Examples of Calculated monthly in a sentence

  • Progress Report: Calculated monthly, with the first Monday of the month being the cut-off day.

  • PART II COMMODITY CHARGE MMBtu (Dry)1 RESERVATION CHARGE ---------------------------- ------------------ [***proprietary information omitted***] Calculated monthly, according to the formula R =[***proprietary information omitted***], where P equals the commodity Charge; MCQ equals the Maximum Contract Quantity ([***proprietary information omitted***] MMBTU/D); and D equals the number of gas days in the month.

  • Calculated monthly subscription fees shall be collected electronically within 2 calendar days of the end of the month being billed, using the most appropriate automated payment solution to carry out the funds transfer (e.g., ACH, EFT) and simultaneously calculate the partner margin, which shall be remitted electronically to the Partner’s designated bank account.

  • PART II COMMODITY CHARGE MMBtu (Dry)1 RESERVATION CHARGE ------------------------------- --------------------- Arithmetic Average of Calculated monthly, according to the Inside FERC Indexes 2 formula R = *** , where P equals the commodity Charge; MCQ ***3 equals the Maximum Contract Quantity ( *** MMBTU/D); and D equals the number of gas days in the month.