Payable interest definition

Payable interest means the penalty consisting of the official interest rate to be paid by a debtor when failing to pay the financial obligation within the defined deadlines.
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Examples of Payable interest in a sentence

  • In the meantime till the end of the interest period in which a new Certificate of Conformity is provided the previous value of the Payable interest rate shall be in force.

  • The value of the Payable interest rate shall be in force for the entire interest period from the interest period following the period in which the latest Certificate of Conformity was provided.

  • Payable interest shall be calculated on a daily basis, using the formula published in the Bank’s General Business Conditions.

  • Here are the terms of financial liabilities:- Trade debts are free from interest and are usually repaid within a period of 30 days.- Payable interest is usually paid on a monthly basis over the entire financial year.

  • Payable interest shall be computed on each member's individual account on June 30 each year by multiplying the balance in the member's individual account as of July 1 (including all contributions and interest credit from previous years) plus one-half (1/2) of the contributions for the year ending on June 30 by the annual applicable interest percentage rate.

  • Interest Payable: interest payable on Bank Borrowing including the effect of amounts payable and receivable under interest rate hedging related to Bank Borrowing.

  • Payable interest over aforesaid liabilities included in the table below.

  • Corporation tax2018/192017/18Tax on taxable income for the year-6,781-10,793Jointtaxationadjustments-4425,984Tax paymenton account3,000 Payable interest, outstanding from prior years-i9Js3 Payable tax, outstanding from prior years-86,1473,290Payable corporation tax at 30 November-109.7231,519 The company received a dl'aft discretionary pre-tax assessmentfrom Skattestyrelsen for the accounting year ended 30 November 20 12.

  • If the Customer is in default of making payment of the Amount Payable, interest at 10% per annum will be payable until the default is remedied.

  • The decrease is predominately due to lower than anticipated GST Payable, interest payable and other accrued expenses.

Related to Payable interest

  • Available Interest With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Receivable Interest means, at any date of determination, an undivided percentage ownership interest in (a) all then outstanding Pool Receivables arising prior to the time of the most recent computation or recomputation of such undivided percentage interest pursuant to Section 1.03, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Each undivided percentage interest shall be computed as C + YR + LR + CAFR +DR NRPB where:

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Capitalized Interest means, with respect to the interest due or to be due on a Series of Bonds prior to, during and for a period not exceeding one year after the completion of a Project to be funded by such Series, all or part of such interest which will be paid, or is expected to be paid, from the proceeds of such Series.

  • Insurable interest as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Distributable Income means, for any period, the net income of Centurion Apartment REIT, including income earned from its proportionate interest under the Rollover Agreement and its applicable consolidated Subsidiaries for such period set out in its consolidated financial statements as determined in accordance with GAAP, subject to certain adjustments, including: (a) adding back the following items: depreciation, amortization (except for amortization of deferred financing costs, future income tax expense, losses on dispositions of assets and amortization of any net discount on long-term debt assumed from vendors of properties at rates of interest less than fair value); and (b) deducting the following items: future income tax credits, interest on convertible debentures to the extent not already deducted in computing net income, gains on dispositions of assets and amortization of any net premium on long- term debt assumed from vendors of properties at rates of interest greater than fair value and any other adjustments determined by the Trustees in their discretion.

  • Simple interest means interest computed on the principal balance outstanding

  • Net Interest means interest earned on a prearranged

  • Advance Interest means the interest accrued on any Servicing Advance which is payable to the party that made that Servicing Advance, in accordance with the Lead Securitization Servicing Agreement.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.

  • Asset Interest is defined in Section 2.1(b).

  • Transferable interest means the right, as originally associated with a person’s capacity as a member, to receive distributions from a limited liability company in accordance with the operating agreement, whether or not the person remains a member or continues to own any part of the right.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Base Interest means the interest that would otherwise accrue on the Securities under the terms thereof and the Indenture, without giving effect to the provisions of this Agreement.

  • Variable Interest Rate means any interest rate that does not qualify as a fixed credit interest rate;

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Class A Additional Interest shall have the meaning specified in subsection 4.02(a).

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Uncollected Interest With respect to any Distribution Date for any Mortgage Loan on which a Payoff was made by a Mortgagor during the related Payoff Period, except for Payoffs received during the period from the first through the 14th day of the month of such Distribution Date, an amount equal to one month’s interest at the applicable Pass-Through Rate on such Mortgage Loan less the amount of interest actually paid by the Mortgagor with respect to such Payoff.

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Redeemable Interests means any Partnership Interests for which a redemption notice has been given, and has not been withdrawn, pursuant to Section 4.10.

  • Mandatory income interest means the right of an income beneficiary to receive net income that the terms of the trust require the fiduciary to distribute.

  • Earned Interest means the interest and other income actually received or credited on the investment of the Escrowed Funds between the date hereof and the earlier to occur of the Acquisition Closing Date and the Termination Date.