Discount Portion definition
Discount Portion means, with respect to a Receivable, the portion thereof equal to the product of the Discount Factor and the outstanding principal balance of such Receivable.
Discount Portion means the portion of Principal Receivables that shall be treated as Finance Charge Receivables pursuant to Section 2.07(a) hereof.
Examples of Discount Portion in a sentence
The end of the grace period is the termination date for SMI coverage if overdue premiums have not been paid by that date in ac- cordance with § 408.68.
Original Issue Discount; Portion of Repayment of Note Principal Treated as Income to Note Holder.