Mil Rate definition

Mil Rate means the daily accrual for interest rate factor. --------
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Examples of Mil Rate in a sentence

  • Compile all activity affecting asset and liability accounts other than investment account; • Calculate Net Income, Mil Rate and Yield for Daily Distribution Funds.

  • If the actual Mil Rate exceeds the minimum of $0.00827 in effect on January 1, 2025, and thereafter, the higher of the rates, i.e., actual or minimum, shall be used in the calculation of the Efficiency Incentive.

  • In the event that the rate is increased, the new rate of $0.00827 shall replace the minimum in effect and shall remain the minimum regardless of whether the actual Mil Rate is decreased below $0.00827.

  • The 2016 Mil Rate in this area is 5.78 which indicates taxes of $882.61 for 2016.

  • Effective January 1, 2025, the Mil Rate is scheduled to increase from $0.00783 to $0.00827.

  • Effective July 2, 2023, the Efficiency Incentive shall be calculated by using the actual Mil Rate or 0.007, whichever is greater.

  • Calculate Net Income, Mil Rate and Yield for Daily Distribution ---------------------------------------------------------------- Funds - Calculate income on purchase and sales, calculate change in ----- income due to variable rate change, combine all daily income less expenses to arrive at net income, calculate mil rate and yields (1 day, 7 day and 30 day); .

  • Calculate Net Income, Mil Rate and Yield for Daily Distribution Funds - Calculate income on purchase and sales, calculate change in income due to variable rate change, combine all daily income less expenses to arrive at net income, calculate mil rate and yields (1 day, 7 day and 30 day); .

  • Calculate Net Income, Mil Rate and Yield for Daily Distribution Funds --------------------------------------------------------------------- - Calculate income on purchase and sales, calculate change in income due to variable rate change, combine all daily income less expenses to arrive at net income, calculate mil rate and yields (1 day, 7 day and 30 day); .

  • Effective January 1, 2024, the Mil Rate increased to $0.00783 and shall be used as the minimum rate when calculating the Efficiency Incentive.

Related to Mil Rate

  • Repo Rate on any day means the highest interest rate available to a Lender from investment in overnight repurchase agreements.

  • ANNUAL RATE ADJUST: MONTHLY P&I : 2,508.79 OUTSIDE CONV DATE : LIFETIME RATE : 6.50000 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.50000 PRODUCT CODE : 002 LTV : 80.00000 ----------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,435,124.00 P & I AMT: 12,853.09 UPB AMT: 1,426,160.25 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 11/01/98 P.O. BOX 5260 TMS AG0004982215 01 02 03 PAGE: 45 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ----------------------------------------------------------------- 0 0007743966 MORTGAGORS: HUITZINGH KRUNO HUITZINGH BARBARA REGION CODE ADDRESS : 8305 BLUFFVIEW WAY 02 CITY : COLORA▇▇ ▇▇▇▇▇▇▇ STATE/ZIP : CO 80919 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 298,060.10 ANNUAL RATE ADJUST: MONTHLY P&I : 2,654.73 OUTSIDE CONV DATE : LIFETIME RATE : 6.75000 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.75000 PRODUCT CODE : 002 LTV : 48.78000 ----------------------------------------------------------------- 0 0007743974 MORTGAGORS: SHARP RAYMOND ▇▇▇▇▇ ▇▇▇▇▇▇ REGION CODE ADDRESS : ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 02 CITY : PRIOR LAKE STATE/ZIP : MN 55372 MORTGAGE AMOUNT : 288,500.00 OPTION TO CONVERT : UNPAID BALANCE : 286,654.45 ANNUAL RATE ADJUST: MONTHLY P&I : 2,573.00 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 72.12500 ----------------------------------------------------------------- 0 0007743982 MORTGAGORS: CANDIA GUILLERMO CANDIA ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ : ▇▇ ▇▇SERVOIR ROAD 02 CITY : COHASSE▇ STATE/ZIP : MA 02025 MORTGAGE AMOUNT : 272,000.00 OPTION TO CON▇▇▇▇ : UNPAID BALANCE : 270,222.15 ANNUAL RATE ADJUST: MONTHLY P&I : 2,388.14 OUTSIDE CONV DATE : LIFETIME RATE : 6.62500 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.62500 PRODUCT CODE : 002 LTV : 68.00000 ----------------------------------------------------------------- 0 0007744006 MORTGAGORS: KATO EUGENE REGION CODE ADDRESS : ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 02 CITY : ▇▇▇▇▇▇▇▇ STATE/ZIP : WA 98005 MORTGAGE AMOUNT : 280,000.00 OPTION TO CON▇▇▇▇ : UNPAID BALANCE : 278,284.83 ANNUAL RATE ADJUST: MONTHLY P&I : 2,575.79 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 09/01/13 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 57.73190 ----------------------------------------------------------------- 0 0007744014 MORTGAGORS: HORITA YONEKAZU HORITA MARILYN REGION CODE ADDRESS : ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ 02 CITY : HE▇▇▇▇▇ STATE/ZIP : VA 20171 MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT : UNPAID BALANCE : 263,304.79 ANNUAL RATE ADJUST: MONTHLY P&I : 2,363.41 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 09/01/13 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 77.94100 ----------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,405,500.00 P & I AMT: 12,555.07 UPB AMT: 1,396,526.32 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 11/01/98 P.O. BOX 5260 TMS AG0004982215 01 02 03 PAGE: 46 CHERRY HILL, N.J. 08034 (800) 257-7818

  • additional rate means the additional rate levied by the City of Cape Town on rateable properties within the designated boundaries of the Special Rating Area for purposes of raising funds for improving and upgrading that area, subject to any exemptions or permissible differentiation between categories of property, as contemplated in section 22(1) of the Rates Act, read with sections 8(1) and 12(2) of the By-Law;

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Lease Rate means for each 2022-1 Lease, the rent charge portion of each Monthly Payment, calculated on a constant yield basis at an imputed interest rate.