Examples of Treasury Bill Rate in a sentence
The returns of the Total Return Index are thus the same as those of the Excess Return Index, with the addition of a “cash” return that is based on the Treasury Bill Rate.
Amount requested = $40,000 (80% of the life insurance amount) Annual interest rate charged = 90-day Treasury Bill Rate (assume 5%) $40,000 - $40,000 = $3,636.36 Benefit Cost 1 + 2(.05) $40,000.00 Benefit Requested- 3,636.36 Benefit Cost$36,363.64 Accelerated Benefit Payable to the Employee The remaining group life insurance amount is $10,000.
However, if the 13-week Daily Treasury Bill Rate, as published by the United States Department of the Treasury on the last day of the state’s fiscal year is below 1 percent, then the above-noted reasonable costs shall not exceed a maximum of 8 percent of the earnings of this fund for the subsequent fiscal year, shall not exceed the amount appropriated in the annual Budget Act for this function, and shall be deducted from the earnings prior to distribution.
In general, the Maximum Auction Rate means, for any taxable bond, a per annum interest rate on the ARCs which would result in the average interest rate on the ARCs not being in excess of, the lesser of the 91 day United States Treasury Bill Rate plus 1.20% or LIBOR plus 1.50%.
Any liquidated damages not so deducted from any unpaid amounts due the contractor shall be payable to the owner at the demand of the owner, together with interest from the date of the demand at a rate equal to the lower of the Federal Treasury Bill Rate or the highest lawful rate of interest payable by the contractor.