Definition of Portfolio Rate


Portfolio Rate means on any day, with respect to any Settlement Period, the annualized percentage equivalent of a fraction, the numerator of which is equal to all Interest Collections for such Settlement Period, and the denominator of which is equal to the Advances Outstanding on the last day of such Settlement Period.
Sample 1

Examples of Portfolio Rate in a sentence

Portfolio Yield: As of any date of determination, the excess, if any, of (a) the Rolling Three Month Portfolio Rate on such day over (b) the Yield Rate plus the Program Fee for such day.
Rolling Three-Month Portfolio Rate: For any day, the percentage equivalent of a fraction the numerator of which is equal to the sum of the three (3) most recent Portfolio Rates and the denominator of which is equal to three (3).
If the Net Loan Rate Restriction Period is applicable for an Auction Period, the Issuer shall calculate the Net Loan Rate, the Adjusted Student Loan Portfolio Rate of Return and the Program Expense Percentage and shall notify the Trustee, the Auction Agent and the Broker-Dealers of such calculations.
If the Net Loan Restriction Period is applicable for an Auction Period, the Issuer shall calculate the Net Loan Rate, the Adjusted Student Loan Portfolio Rate of Return and the Program Expense Percentage and shall notify the Trustee, the Auction Agent and the Broker-Dealers of such calculations.
Portfolio Rate: On any day, with respect to any Collection Period, the annualized percentage equivalent of a fraction, the numerator of which is equal to all Interest Collections deposited in the Collection Account for such Collection Period, and the denominator of which is equal to the Capital of the last day of such Collection Period.