Examples of Periodic Finance Charge in a sentence
The Periodic Finance Charge for Credit Purchases and Cash Advances begins on the dates as described in paragraph 15 of this document.
If the “New Balance” of an Account is not paid on the payment due date, a Periodic Finance Charge will begin to accrue on each Transaction in the Account from the date of the Transaction and will continue to accrue to the date of full payment.
For each statement period, we will charge a Periodic Finance Charge on the account calculated by multiplying each of the Average Daily Balance of Purchases and the Average Daily Balance of Cash Advances, described below, by the monthly periodic rate.
Daily Periodic Rate: The third component of the FINANCE CHARGE is the Daily Periodic Finance Charge for Purchas- es, Cash Advances, and Balance Transfers.The Daily Periodic Rate used in calculating the Daily Periodic Finance Charge for Purchases, Cash Advances, and Balance Transfers is based upon the Prime Rate as published in the Mon- ey Rates Section of the print edition of The Wall Street Journal (the “Index”).
Your account will be subject to the Monthly Periodic Finance Charge Rate and corresponding Annual Percentage Rate applicable to The State Bank of Toledo accounts, set forth in the Initial Disclosure provided to you by us.
The Daily Periodic Rate is used to determine the amount of Periodic Finance Charge (see Finance Charges).
The Periodic Finance Charge for Credit Purchases and Cash Advances begins on the dates as described in paragraph 4 of this document.
We add th e results together to give us the total Periodic Finance Charge for the statement period.
Each daily balance of Cash Advances is determined by adding to the outstanding unpaid balance of Cash Advances at the beginning of the billing cycle any new Cash Advances posted to your account, and subtracting any payments as received or credits as posted to your account, but excluding any unpaid Finance Charges.The Periodic Finance Charge on Credit Purchases is calculated as follows.Method G.
The Periodic Finance Charge on Credit Purchases is calculated as follows: A Finance Charge for will be imposed on Credit Purchases only if you elect not to pay the entire New Balance shown on your monthly statement for the previous billing cycle within 25 days from the closing date of that statement.