Nominal Rate definition
Nominal Rate. The nominal rate method of interest calculation shall apply to the calculation and payment of interest on the Loan and the Credit Union shall not be deemed to reinvest any interest from time to time received hereunder.
Nominal Rate means the price per unit (cubic metre), excluding GST, charged by the Supplier for production and delivery of Water to the Customer’s Points of Supply. The Nominal Rate shall be 75c per m3 at the time of the signing of this agreement and any change in the nominal price shall be notified three months in advance of the change coming into effect. The Supplier shall substantiate the basis for the change in Nominal Rate. The Nominal Rate covers the cost of operating, maintaining, meter reading and managing the Customers account in relation to the Customers Points of Supply.
Nominal Rate means a nominal rate corresponding to the Effective Yield assuming semi-annual payments of Fixed Coupon. During the Period of Conversion, the Nominal Rate amounts to 10.770017%, and subsequently 10.390114%.
Examples of Nominal Rate in a sentence
Interest Act (Canada); Criminal Rate of Interest; Nominal Rate of Interest....................
Interest Act (Canada); Criminal Rate of Interest; Nominal Rate of Interest............
Interest Act (Canada); Criminal Rate of Interest; Nominal Rate of Interest .....
Example: For a loan with a sum of 112,000 ALL, maturity 8 months, Nominal Rate Interest 18% per year, monthly commission for account maintenance 100 ALL / month and 32,000 Leke delivery commission.
Interest Act (Canada); Criminal Rate of Interest; Nominal Rate of Interest 43 2.15.
More Definitions of Nominal Rate
Nominal Rate means the price per unit (kWh), excluding GST, charged by the Supplier for production and delivery of electricity to the Customer’s Points of Supply. The Nominal Rate shall be 25c/kWh at the time of the signing of this agreement and any change in the nominal price shall be notified three months in advance of the change coming into effect. The Supplier shall substantiate the basis for the change in Nominal Rate.
Nominal Rate set forth in Section 2.37 of the Lease is hereby deleted and replaced with the LIBOR Rate, as defined herein.