Computational period means the interval between scheduled due dates of installments under the transaction if the intervals are substantially equal or, if the intervals are not substantially equal, one month if the smallest interval between the scheduled due dates of installments under the transaction is one month or more, and otherwise one week.
Computational period means one month if one-half or more of the intervals between scheduled payments under the agreement is one month or more and otherwise means one week.
Computational period means the interval between scheduled
Examples of Computational period in a sentence
For this pur- pose, bid and asked quotations are not taken into account.(iv) Computational period.
F o r t h i s p ur- pose, bid a n d a s k ed q u o t a t io n s a r e n o t t a k e n i n t o a cco un t .(iv ) Computational period.
F o r t h is p ur- pose, bid an d a s k ed q u o t a t io n s ar e n o t t a k e n i n t o a cco un t .(iv ) Computational period.
The notice shall advise the responsible party of the violation and the obligation to remedy the same within 10 days from the date of the notice.
More Definitions of Computational period
Computational period means the interval between scheduled due dates of installments u substantially equal, one month if the smallest interval between the scheduled due dates of installm
Computational period means one (1) month if one-half (1/2) or more of the intervals between scheduled payments under the agreement is one month, or more, shall otherwise mean one week, except that the total interval prior to the due date of the first scheduled instalment shall always be considered one computational period.(5) (a) If the computational period is one (1) month: (i) and the number of days between the date of a loan, refinancing or consolidation and the due date of the first scheduled installment is less than twenty-five (25) days or more than thirty-five (35) days but not more than forty-five (45) days, the unearned loan finance charge shall be increased by an adjustment for each day by which the interval is less than thirty (30) days and, at the option of the lender, may be reduced by an adjustment for each day by which the interval is more than thirty (30) days; the adjustment for each dayshall be one-thirtieth (1/30th) of that part of the loan finance charge earned in the computational period prior to the due date of the first scheduled instalment assuming that period to be one (1) month; (ii) and the interval between the date of the loan, refinancing or consolidation and the final scheduled payment date is a number of full months plus an additional number of days less than a full month, the additional number of days shall be considered a computational period only if sixteen (16) days, or more;(b) If the computational period is one (1) week: (i) and the number of days between the date of the loan, refinancing or consolidation and the due date of the first scheduled instalment is less than five (5) days or more than nine (9) days but not more than eleven (11) days, the unearned loan finance charge shall be increased by an adjustment for each day by which the interval is less than seven (7) days and, at the option of the lender, may be reduced by an adjustment for each day by which the interval is more than seven (7) days; the adjustment for each day shall be one-seventh (1/7th) of that part of the loan finance charge earned in the computational period prior to the due date of the first scheduled instalment assuming that period to be one (1) month; (ii) and the interval between the date of the loan, refinancing or consolidation and the final scheduled payment date is a number of full weeks plus an additional number of days less than a full week, the additional number of days shall be considered a computational period only if four (4) days, or more.
Computational period means the interval between scheduled due dates of installments under the transaction if the intervals are substantially equal or, if the intervals