Corresponding Interest Period definition

Corresponding Interest Period means, with respect to any Payment Date, the most recent Interest Period that ended prior to such Payment Date.

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Examples of Corresponding Interest Period in a sentence

• The interest calculation formula shall be: Loan Balance × Loan Interest Rate × Actually Accrued Days of the Loan During the Corresponding Interest Period ÷ 360 Days.

• The calculation formula for the Capital Interest shall be: Loan Balance × Capital Interest Rate × Actually Accrued Days of the Loan During the Corresponding Interest Period ÷ 360.

• The interest calculation formula shall be: Loan Balance × Loan Interest Rate × Actually Accrued Days of the Loan during the Corresponding Interest Period ÷ 360 Days.

• The calculation formula for the Cash Interest shall be: Loan Balance × Cash Interest Rate × Actually Accrued Days of the Loan During the Corresponding Interest Period ÷ 360 Days.