Examples of Collected Balance in a sentence
In addition to any terms and conditions of repayment, including any demand feature, which may be contained within the Note, Company agrees that whenever its Account Collected Balance exceeds the Target Balance, the amount over the Target Balance will be automatically transferred from its Account and applied as a principal payment on the Note.
This method applies an interest rate to the average Collected Balance in your Account for the month and divides that figure by 365, then multiplies that figure by the number of calendar days in that month to arrive at the bonus interest.
This method applies a daily periodic rate to the Collected Balance in your Account each calendar day and the Annual Percentage Yield assumes daily compounding without withdrawing the interest.
Tiered Accounts earn the interest rate and APY in effect that day for the balance tier associated with your Collected Balance at the end of each calendar day.
The amount of earnings credit received each month is based on your Average Positive Collected Balance, multiplied by the current earnings credit rate in effect (times the number of days in the month, divided by the number of days in the year).