Split rate definition

Split rate means, with respect to sales-based financing, the percentage used by the financer to calculate the payment amounts to be paid to the financer or true-ups.
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Split rate means, with respect to sales-based financing, the percentage number used by the finance company to calculate the payment amounts paid to the finance company or the true-up amount.
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Split rate means the percentage resulting from Net Revenue divided by Sales Revenue.
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Examples of Split rate in a sentence

  • The virtual Profit Split rate depends on the account type and may also vary depending on the application of any coupon codes.

  • The virtual Profit Split rate will be 75% for the first 30 days of funded status before then increasing to 100% thereafter.

Related to Split rate

  • Unit Rate means as set out in the Quotation Document;

  • Profit Rate means the profit rate payable from time to time in respect of the Certificates and that is either specified in the applicable Final Terms or calculated or determined in accordance with the provisions hereof;

  • Original Benchmark Rate on any day means (subject to § 3(4)) the [1 / 3 / 6 / 12]-month Euro Interbank Offered Rate (expressed as a percentage rate per annum) fixed at, and appearing on the Screen Page as of, 11:00 a.m. (Brussels time) on such day.

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

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