Prevailing rate of interest definition

Prevailing rate of interest means the applicable rates of interest as declared by the Company from time to time that shall be charged to the Policyholder on specified transactions related to the policy, as specified under the Plan. Upon any revisions in the interest rates, the Company shall communicate the same to the customers.
Prevailing rate of interest means the applicable rate of interest as declared by the Company from time to time that shall be charged to the Policyholder on specified transactions related to the policy, as specified under the Plan, subject to approval of the IRDA of India
Prevailing rate of interest means the applicable rate of interest as declared by Us from time to time that shall be charged to You on specified transactions related to the Policy, subject to approval of the IRDA of India

Examples of Prevailing rate of interest in a sentence

  • Prevailing rate of interest, rate of return expected by the prospective investors, and administrative expenses are the various factors which affect the cost of financing.

  • Prevailing rate of interest shall be charged by the bank and the repayment schedule will be 5 years.

  • If the Base Plan is revived, the rider Benefits can be revived by paying the arrears of premiums under the riders with interest at the Prevailing rate of interest.

  • The interest on loan is payable at the Prevailing rate of interest.

  • In view of the facts mentioned in paragraph 4 above, the complainant/s prays for the following relief(s)[Specify below the relief(s) claimed explaining the grounds of relief(s) and the legal provisions (if any) relied upon]Sr.No.Relief sought1.In case of failure to give possession1.1In case allottee/s Intends to continue with the project.I.Amount paid.II.Interest for every month of delay at Prevailing rate of interest.

  • The Prevailing rate of interest for 2016 is 10.5% p.a. and Company reserves the right to change this interest rate, subject to prior approval from IRDAI.

  • If the Base Policy is revived, the rider Benefits (if any) can be revived by paying the arrears of premiums under the riders with interest at the Prevailing revival rate of interest.The interest for revival is payable at the Prevailing rate of interest.

  • All due arrears of Installment Premiums along with Prevailing rate of interest, if any is received by Us.

  • This will be a consent agenda item for approval during winter 2009, and SAC approval should come at Annual 2009.IFLA is interested in this document as well and may adopt these after ACRL approval at August IFLA meeting.

  • Parties holding any thing over that, I have endeavoured to get rid of; but with regard to the others, I have told them, “I will square your farms.


More Definitions of Prevailing rate of interest

Prevailing rate of interest means the applicable rates of interest as declared by the Company from time to time that shall be charged to the Policyholder on specified transactions related to the policy, as
Prevailing rate of interest means the applicable rate of interest as declared by the Company from time to time that shall be charged to the Policyholder on specified transactions related to the Policy, as specified under the Policy. “Regulation” means the extant laws and regulations that are applicable to this Policy.

Related to Prevailing rate of interest

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • First Reset Rate of Interest means, in respect of the First Reset Period and subject to Condition 5.2(b), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the Reference Rate and the First Margin;

  • Rate of Interest means the rate of interest payable from time to time in respect of this Note and that is either specified or calculated in accordance with the provisions hereon.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period and subject to Condition 4(b)(ii), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

  • Rate means the Adjusted LIBO Rate and the Alternate Base Rate.