EAIR definition

EAIR means “effective annual interest rate”. All commercial banks, merchant banks and building societies are required to disclose this rate, irrespective of any other interest rate used in marketing a loan or deposit product. For an example of the calculation of the EAIR see the Third Schedule of the Code available at www.boj.org.jm.

Examples of EAIR in a sentence

  • In FY 2010, Components will have the ability to perform searches independently using the Data Architecture Repository (DAR) within the DHS Enterprise Architecture Information Repository (EAIR).