Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● Average Daily Balance (ADB) multiplied by ● Daily Periodic Rate (DPR) multiplied by ● number of days the DPR was in effect. To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.
Appears in 412 contracts
Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement
Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● Average Daily Balance (ADB) multiplied by ● Daily Periodic Rate (DPR) multiplied by ● number Number of days the DPR was in effect. To get the ADB for a balance, we add up its daily balanceseach Daily Balance Subject to Interest (see below). Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.
Appears in 37 contracts
Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement
Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● Average Daily Balance (ADB) multiplied by x ● Daily Periodic Rate (DPR) multiplied by x ● number of days the DPR was in effect. To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.
Appears in 37 contracts
Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement
Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● • Average Daily Balance (ADB) multiplied by ● • Daily Periodic Rate (DPR) multiplied by ● • number of days the DPR was in effect. To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.
Appears in 2 contracts
Samples: Cardmember Agreement, Cardmember Agreement
Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● ⚫ Average Daily Balance (ADB) multiplied by ● x ⚫ Daily Periodic Rate (DPR) multiplied by ● x ⚫ number of days the DPR was in effect. To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.
Appears in 1 contract
Samples: Cardmember Agreement
Interest. The interest charged for a balance in a billing period, except for variations caused by rounding, equals: ● Average Daily Balance (ADB) multiplied by ● Daily Periodic Rate (DPR) multiplied by ● number of days the DPR was in effect. ADB To get the ADB for a balance, we add up its daily balances. Then we divide the result by the number of days the DPR for that balance was in effect. If the daily balance is negative, we treat it as zero.. DPR
Appears in 1 contract
Samples: Cardmember Agreement
