ACCRUAL METHOD definition

ACCRUAL METHOD. The amount of interest that I will pay on this loan will be calculated using the interest rate and accrual method stated on page 1 of this note. For the purpose of interest calculation, the accrual method will determine the number of days in a "year." If no accrual method is stated, then you may use any reasonable accrual method for calculating interest.
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ACCRUAL METHOD means that a sale is reported in the reporting period in which the sale occurs regardless of when payment is received.
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ACCRUAL METHOD. Interest will be calculated on a 365 day basis. POST MATURITY RATE: I agree to pay interest on the unpaid balance of this note owing after maturity, and until paid in full, as stated below: [X] on the same fixed or variable rate basis in effect before maturity (as indicated above). [ ] at a rate equal to ________________________________________________.
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Examples of ACCRUAL METHOD in a sentence

  • ACCRUAL METHOD: The amount of interest that I will pay on this loan will be calculated using the interest rate and accrual method stated on page 1 of this note.

  • ACCRUAL METHOD: Interest will be calculated on a Actual/360 basis.

  • ACCRUAL METHOD: Interest will be calculated on a ACTUAL/365 basis.

  • ACCRUAL METHOD Per Pay Period Accrual = Vacation Service Hours X Vacation Accrual Factor.

  • ACCRUAL METHOD: Interest will be calculated on a ACTUAL/360 basis.

  • ACCRUAL METHOD: Interest will be calculated on an Actual/365 basis.

  • With a reverse repo defined as having ACCRUAL METHOD “F” (Floating Rate - actual/actual) as seen on the Security Definition - Bond (BOSB) screen, the accrual of the interest expense is based on rate information entered on the Corporate Actions/Rates (DERA) screen.

  • ACCRUAL METHOD: Interest will be calculated on a actual/365 basis.

  • ACCRUAL METHOD: You will calculate the amount of interest I will pay on this loan using the interest rate and accrual method on page 1 of this note.

  • ACCRUAL METHOD Interest at the Rate set forth above, unless otherwise indicated, will be calculated on the basis of the 365/360 method, which computes a daily amount of interest for a hypothetical year of 360 days, then multiplies such amount by the actual number of days elapsed in an interest calculation period.


More Definitions of ACCRUAL METHOD

ACCRUAL METHOD means the accounting method which recognizes revenue when earned and recognizes expenses in the accounting period as incurred, without regard to the date of receipt or payment.
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ACCRUAL METHOD means the accrual based accounting method under GAAP.
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Related to ACCRUAL METHOD

  • Simple Interest Method means the method of allocating a fixed level payment to principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of the fixed rate of interest multiplied by the unpaid principal balance multiplied by the period of time elapsed since the preceding payment of interest was made and the remainder of such payment is allocable to principal.

  • Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.

  • Accrual basis has the meaning set forth in Section 3.1(c).

  • Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.

  • Interest Accrual Basis The basis on which interest accrues in respect of any Mortgage Loan, any REMIC I Regular Interest, any REMIC II Regular Interest, any Regular Certificate, any of the Class A-S, Class B and Class C Certificates, any of the Class A-S Regular Interest, Class B Regular Interest and Class C Regular Interest or any particular REMIC III Component of a Class of Interest Only Certificates, in each case consisting of one of the following: (i) a 30/360 Basis; or (ii) an Actual/360 Basis.