Cash Rate definition
Examples of Cash Rate in a sentence
Interest at the maximum rate prescribed in Rule 75 of the Legal Profession Uniform General Rules 2015 (“Uniform General Rules”) (being the Cash Rate Target set by the Reserve Bank of Australia plus 2%) will be charged on any amounts unpaid after the expiry of 30 days after a tax invoice is given to you.
The ‘Cardholder’ will be notified of the change prior to the implementation of any variation to the Cash Advance Service Fee and Tawarruq Cash Rate.
If our tax invoice is not paid within 30 days, we may charge you interest which will be at the Reserve Bank Cash Rate plus 2%.
Interest is charged at the rate equal to the Cash Rate Target (as defined by the Regulations) plus 2%.
The applicable annual interest rate for calculating daily interest will be the RBA Cash Rate on the relevant day plus 4%.