Short Rate definition

Short Rate is defined as the difference between the lower contracted discount rate and the rate earned based on actual volume. When the advertiser fails to meet the previously contracted volume, space or frequency, the advertiser will be billed for that difference. Any credits, overpayments, or rebates regardless of how incurred will expire if not used within 12 months after they are earned.
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Short Rate means the refund calculated on a pro rata basis multiplied by .90. This policy will automatically terminate at the end of the policy period if you or your representative does not accept our offer to renew or continue it. Your failure to pay the required renewal premium means that you have declined our offer. If other insurance is obtained on your insured motorcycle, similar insurance afforded under this policy for that motorcycle will cease on the effective date of the other insurance. In addition, any coverage afforded under this policy will cease when a person other than you or a relative becomes the owner of that motorcycle. If different requirements for cancellation and non-renewal or termination of policies are required because of the laws of your state, we will comply with those requirements.
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Short Rate means the refund calculated on a pro rata basis multiplied by .90. This policy will automatically terminate at the end of the policy period if you or your representative does not accept our offer to renew or continue it. Your failure to pay the required renewal premium means that you have declined our offer. If other insurance is obtained on your insured motorcycle, similar insurance afforded under this policy for that motorcycle will cease on the effective date of the other insurance. In addition, any coverage afforded under this policy will cease when a person other than you or a relative becomes the owner of that motorcycle. If different requirements for cancellation and non-renewal or termination of policies are required because of the laws of your state, we will comply with those requirements. PROOF OF MAILING
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Examples of Short Rate in a sentence

  • Short rate portion of carrier expense constant = $180 x .80 = $144 g.

  • Short rate portion of carrierexpense constant = $180 x .61 = $110f.

  • Short rate portion of carrier expense constant = $180 x .61 = $110f .

  • Short rate means that the premium you owe will include our handling costs.

  • Short rate is defined as 90% of the premium refund calculated on a pro-rata basis.

  • Short rate: Advertisers not completing their contract for the frequency specifi ed are liable for the difference between the rate billed and the frequency rate actually earned during the contract year.

  • Short rate expectations and unexpected returns in Treasury bonds.

  • Short rate will apply if advertiser or its agency has not earned the billed rate at the end of the applicable period.

  • Short rate table:CancellationAnnuallyUp to 1 month25 % OF annual PremiumUp to 3 months37.5 % OF annual PremiumUp to 4 months50 % OF annual PremiumUp to 6 months62.5 % OF annual PremiumUp to 8 months87.5 % OF annual PremiumAbove 8 months100 % OF annual PremiumThese are retention scale.

  • Example:Pro rata premium in example .214 Short rate factor (policy in effect 2-3 months) .050.264 Earned premium for annual policy cancelled on a short rate basis is .264 times the annual premium.


More Definitions of Short Rate

Short Rate means a fixed dollar value or percentage of premium, representing an
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Short Rate means a return of unearned premium other than pro rata when a
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Short Rate shall have the meaning assigned to such term ---------- in the applicable Indenture.
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Related to Short Rate

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • GST Rate means the percentage amount of GST payable determined under section 9-70 of the Act as amended from time to time;

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows:

  • Loan Rate for any Mortgage Loan and on any day means the per annum rate of interest applicable under the related Credit Line Agreement to the calculation of interest for the day on the Asset Balance of the Mortgage Loan.

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

  • ANNUAL RATE ADJUST: MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 74.88200 --------------------------------------------------------------- 0 0030771968 MORTGAGORS: MEDINA CLAUDIO MEDINA GINA REGION CODE ADDRESS : 13512 GREENSTONE DRIVE 01 CITY : RANCHO CUCAMONGA STATE/ZIP : CA 91739 MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT : UNPAID BALANCE : 266,825.34 ANNUAL RATE ADJUST: MONTHLY P&I : 1,982.47 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 89.89800 --------------------------------------------------------------- 0 0030772065 MORTGAGORS: GOLD NEAL REGION CODE ADDRESS : 17 GLOUCESTER STREET, UNIT#9 01 CITY : BOSTON STATE/ZIP : MA 02215 MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT : UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,301.95 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 49.34200 --------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,489,600.00 P & I AMT: 10,876.62 UPB AMT: 1,488,891.30 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 04/01/97 P.O. BOX 5260 TMS AG0004970430 00 01 03 04 PAGE: 76 CHERRY HILL, N.J. 08034 (800) 257-7818

  • Reference Rate means the rate specified as such hereon.

  • 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;

  • Day Rate means the rate per day per grade tendered by the Supplier in the Supplier’s proposal that shall never be exceeded within this Contract;

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

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

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Maximum Legal Rate means the maximum nonusurious interest rate, if any, that at any time or from time to time may be contracted for, taken, reserved, charged or received on the indebtedness evidenced by the Note and as provided for herein or the other Loan Documents, under the laws of such state or states whose laws are held by any court of competent jurisdiction to govern the interest rate provisions of the Loan.

  • Adjusted Mortgage Rate As to each Mortgage Loan, and at any time, the per annum rate equal to the Mortgage Rate less the Master Servicing Fee Rate.

  • T-Bill Rate means, for any Quarterly Floating Rate Period, the average yield expressed as a percentage per annum on three-month Government of Canada Treasury Bills, as reported by the Bank of Canada, for the most recent treasury bills auction preceding the applicable Floating Rate Calculation Date.

  • Initial Rate means each rate of interest to be paid in an Initial Period as set forth in the Certificate.

  • Weekly Rate means the interest rate on the Bonds established in accordance with Section 2.03(b) hereof.

  • Net Rate With respect to each Mortgage Loan, the Mortgage Interest Rate in effect from time to time less the Aggregate Expense Rate (expressed as a per annum rate).

  • Pricing Rate the per annum percentage rate for determination of the Price Differential;

  • Final rate means an indirect cost rate applicable to a specified past period which is based on the actual allowable costs of the period. A final audited rate is not subject to adjustment.

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

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

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.