Examples of Simple Interest Contract in a sentence
Except in the case of Precomputed Contracts that collectively satisfy the criterion set forth in paragraph 1(I) of this Schedule B, each Contract is a Simple Interest Contract and provides that all allocations of payments with respect to principal and interest, and the determination of periodic charges and the like, are made using the Simple Interest Method, based on the actual number of days elapsed and the actual number of days in the calendar year.
Association, club, The organization religious, charitable, educational or other tax-exempt organization account 9.
This generates an opportunity to take a broader, more considered approach to a review of terms and conditions.
We recommend triaging the family circumstances and needs at an early ‘Information and Assessment Meeting’ (IAM) as soon as possible after separation.
Each Contract other than a Land Home Contract is either a Simple Interest Contract or an Actuarial Contract.