Prevailing rate of interest definition

Prevailing rate of interest means the applicable rates of interest as declared by the Company from time to time that shall be charged to the Policyholder on specified transactions related to the policy, as specified under the Plan. Upon any revisions in the interest rates, the Company shall communicate the same to the customers.
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Prevailing rate of interest means the applicable rate of interest as declared by the Company from time to time that shall be charged to the Policyholder on specified transactions related to the policy, as specified under the Plan, subject to approval of the IRDA of India
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Prevailing rate of interest means the applicable rate of interest as declared by Us from time to time that shall be charged to You on specified transactions related to the Policy, subject to approval of the IRDA of India
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Examples of Prevailing rate of interest in a sentence

  • Prevailing rate of interest shall be charged by the bank and the repayment schedule will be 5 years.

  • When a substantial economic downturn occurs, the impact of such policies could be particularly crucial for health (Stuckler & Basu, 2013; Stuckler, Basu, & McKee, 2010a; Stuckler, Basu, & McKee, 2010b; Stuckler et al., 2009a; Suhrcke & Stuckler, 2012).

  • The interest on loan is payable at the Prevailing rate of interest.

  • This will be a consent agenda item for approval during winter 2009, and SAC approval should come at Annual 2009.IFLA is interested in this document as well and may adopt these after ACRL approval at August IFLA meeting.

  • The Prevailing rate of interest for 2016 is 10.5% p.a. and Company reserves the right to change this interest rate, subject to prior approval from IRDAI.

  • The due Installment Premium and interest at the Prevailing rate of interest specified by Us is paid to Us in full.

  • We shall charge interest on the loan amount granted at such Prevailing rate of interest at the time of disbursement of the loan.

  • All due arrears of Installment Premiums along with Prevailing rate of interest, if any is received by Us.

  • If the Base Policy is revived, the rider Benefits (if any) can be revived by paying the arrears of premiums under the riders with interest at the Prevailing revival rate of interest.The interest for revival is payable at the Prevailing rate of interest.

  • If the Base Plan is revived, the rider Benefits can be revived by paying the arrears of premiums under the riders with interest at the Prevailing rate of interest.


More Definitions of Prevailing rate of interest

Prevailing rate of interest means the applicable rates of interest as declared by the Company from time to time that shall be charged to the Policyholder on specified transactions related to the policy, as
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Prevailing rate of interest means the applicable rate of interest as declared by the Company from time to time that shall be charged to the Policyholder on specified transactions related to the Policy, as specified under the Policy. “Regulation” means the extant laws and regulations that are applicable to this Policy.
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Related to Prevailing rate of interest

  • Prevailing Rate means, in respect of any currencies on any day, the spot rate of exchange between the relevant currencies prevailing as at or about 12 noon (London time) on that date as appearing on or derived from the Reference Page or, if such a rate cannot be determined at such time, the rate prevailing as at or about 12 noon (London time) on the immediately preceding day on which such rate can be so determined or, if such rate cannot be so determined by reference to the Reference Page, the rate determined in such other manner as an Independent Financial Adviser shall in good faith prescribe;

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Fixed Rate of Interest means the rate of interest payable from time to time in respect of a Fixed Rate Tier 1 BCN or during the Fixed Interest Rate Period in respect of a Fixed/Floating Rate Tier 1 BCN and that is either specified in the relevant Pricing Schedule or calculated in accordance with the provisions in the relevant Pricing Schedule.

  • Default Rate of Interest means the rate of interest otherwise payable on the principal of the Securities plus 1% per annum.

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • First Reset Rate of Interest means, in respect of the First Reset Period and subject to Condition 5.2(b), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the Reference Rate and the First Margin;

  • Rate of Interest means the rate of interest payable from time to time in respect of this Note and that is either specified or calculated in accordance with the provisions hereon.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period and subject to Condition 4(b)(ii), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

  • Prevailing Interest Rate means the rate of interest payable on the Securities applicable from time to time pursuant to Condition 4 (Interest Payments);

  • Base Rate of Pay means the employee’s hourly rate of pay excluding any premiums, incentives, add-ons or rollups.

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

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.