Common use of Rate for Advances Clause in Contracts

Rate for Advances. The monthly periodic rate for a billing period for your Advance balance is the Prime Rate plus a Margin (set forth on the Account Disclosures Insert), divided by 12 and calculated to three decimal places and rounded up.

Appears in 3 contracts

Samples: Retail Installment Credit Agreement, Retail Installment Credit Agreement, Retail Installment Credit Agreement

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Rate for Advances. The monthly periodic rate for a billing period for your Advance and Quasi Cash Advance, balance is the Prime Rate plus a Margin (set forth on the Account Disclosures Insert), divided by 12 and calculated to three decimal places and rounded up.

Appears in 1 contract

Samples: Retail Instalment Credit Agreement

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