Daily Periodic Interest Rate definition

Daily Periodic Interest Rate or "DPR" is the term used for the APR that applies to your daily balance on your Account. "Margin" is the term used for the percentage rate we add to the Prime Rate to determine your APR. See your Apple Wallet for the APR, DPR, and Margin. HOW WE DETERMINE INTEREST RATE(S) How We Determine the Applicable APR For Purchase Transactions, the APR equals the Prime Rate plus the Margin that applies to your Account. Variable APRs may increase or decrease each month if the Prime Rate changes. Your Purchase Transactions APR is a variable rate. If the Prime Rate changes, the new variable APRs will take effect as of the first day of the next month and apply to existing and new balances. Any increase in the Prime Rate may result in an increase to your interest and Minimum Payment Due. APRs will never exceed the maximum rates permitted by applicable law.
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Daily Periodic Interest Rate or "DPR" is the term used for the APR that applies to your daily balance on your Account. "Margin" is the term used for the percentage rate we add to the Prime Rate to determine your APR. See your Apple Wallet for the APR, DPR, and Margin. HOW WE DETERMINE INTEREST RATE(S) How We Determine the Applicable APR For Purchase Transactions, the APR equals the Prime Rate plus the Margin that applies to your Account. Variable APRs may increase or decrease each month if the Prime Rate changes. Your Purchase Transactions APR is a variable rate. If the Prime Rate changes, the new variable APRs will take effect as of the first day of the next month and apply to existing and new balances. Any increase in the Prime Rate may result in an increase to your interest and Minimum Payment Due. Variable APRs will not exceed 29.99% and APRs will never exceed the maximum rates permitted by applicable law.
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Daily Periodic Interest Rate or “DPR” means the daily interest rate which applies to a given Balance. It is equal to the applicable APR or variable APR for that Balance divided by 365.
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Related to Daily Periodic Interest Rate

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Cash Interest Rate means the Federal Funds Effective Rate - the rate for that day opposite the caption “Federal Funds (Effective)” as set forth in the weekly statistical release designated as H.15 (519), or any successor publication, published by the Board of Governors of the Federal Reserve System.

  • Note Interest Rate means a per annum rate equal to 0.02% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Floating Interest Rate means the variable annual interest rate calculated for each Interest Adjustment Period so as to equal the Index Rate for such Interest Adjustment Period (truncated at the 5th decimal place if necessary) plus the Margin. However, in no event will the Floating Interest Rate exceed the Capped Interest Rate.