Preferred Rate means the annual interest rate identified as the “Preferred Rate” in the Disclosure Statement as such rate may be changed from time to time upon notice to you.

Preferred Rate means, for each Plan Year, an interest rate that is the sum of the Crediting Rate and the Bonus Rate for that Plan Year.

Preferred Rate means eight percent (8%) annually, or two percent (2%) per calendar quarter.

Examples of Preferred Rate in a sentence

Installment Balance Carried at Preferred Rate for Purchases Monthly fee % 0.85% Annual Interest Rate 19.99% Total Fee $145.15 Total Interest $154.08 Using the same assumptions as before, the effective Annual Percentage Rate (APR) is set out in the chart below.
For example, your Preferred Rate for Purchases could be 20.99% and your monthly installment fee could be 0.90%.
The remaining balance owed on the promotional purchase will then be charged interest at the Preferred Rate until the account balance is paid in full.
Interest at the reduced rate disclosed in the Disclosure Statement (rather than the Preferred Rate) accrues on each Purchase during the Promotional Term provided that you pay each monthly payment under this Promotional Offer when due.
The chart immediately below compares: (I) repayment of $1423.00 under the installment program; and (II) repayment of $1423.00 at a Preferred Rate for Purchases of 19.99%.

More Definitions of Preferred Rate

Preferred Rate means a cumulative rate of return calculated in the same manner as interest, compounded annually, at an annual rate of nine percent (9%).

Preferred Rate means: (i) at any time when a Breach has occurred and is -------------- continuing or during a Breach Period, the Adjusted Preferred Rate and (ii) at any other time, a per annum rate equal to LIBOR plus five hundred (500) basis points adjusted on the first day of each Yield Accrual Period. Each determination of the Preferred Rate by the Preferred Shareholder pursuant to the provisions of this Article shall be binding on the Company, absent manifest error.

Preferred Rate with respect to the Class C Shares (provided that a Breach has not occurred and is continuing) shall be a per annum rate equal to LIBOR (as defined in the Articles) plus seven hundred (700) basis points adjusted on the first day of each Yield Accrual Period.

Preferred Rate means, a fixed rate per annum, specified by TCO as to a given series of Preferred Equity, which rate shall be equal to the dividend rate for the Related Issue.

Preferred Rate means the lowest rate among the multi-tiered Tipping Fees offered.

Preferred Rate for a Plan Year shall mean the Crediting Rate plus the Bonus Rate for such Plan Year.