Interest Free Period definition

Interest Free Period means the period of time that no interest on your Outstanding Loan Balance accrues to you.

Interest Free Period. Unless specified in these Commercial Terms, there is no interest free period under this Agreement.

Interest Free Period. Unless specified in these Commercial

Examples of Interest Free Period in a sentence

• You will still be required to make the Instalment Payments during Interest Free Period, however none of these Payments are in the nature of interest and no interest is accruing.

• Finance Charge to be calculated on a daily basis after the Interest Free Period provided the outstanding balance of stated in the Cardmember’s previous Statement is fully settled by Payment Due Date.

• Interest Free Period 20 days from statement date, provided there is no outstanding balance in the Credit Card Account (not applicable to Cash Advance and Balance Transfer or QuickCash).

• The Interest Free Period will then apply to Purchases (excluding Interest Free Finance amounts) made on and from the day that you made that payment.

• A Cardmember who has any Outstanding Balance of Card transactions in his/her Card Account(s) carried forward from his/her previous month’s Card Statement will not enjoy the benefit of the Interest Free Period for Card transactions performed in the current month.

More Definitions of Interest Free Period

Interest Free Period means the period from the posting date of fresh Retail Transactions to the VISA/MASTERCARD CARD Account until the Payment Due Date, which shall be no less than twenty (20) Calendar Days, in a particular Statement of Account and is applicable only to the fresh Retail Transactions as aforementioned;

Interest Free Period the period in a month where no interest will be charged on retailTransactions (other than Cash Advances and betting or gaming transactions) for twenty eight (28) calendar days from the posting date of all retail transactions paid with the Card, provided that the Corporation’s previous month’s outstanding balance has been settled in full. “Mastercard” Mastercard International Incorporated, a company incorporated in the state of Delaware, with its principal at 0000 Xxxxxxxx Xxxxxx, Xxxxxxxx, XX 00000-0000, Xxxxxx Xxxxxx xx Xxxxxxx (and includes its successors-in-title and assigns) of which the Bank is a principal member. “Mastercard Member Banks” the financial institutions which are members of Mastercard.

Interest Free Period refers to the minimum twenty (20) calendar days’ period, commencing from the Statement Date to the Payment Due Date. Cardmember A has an Outstanding Balance of RM1,000.00 at the end of February 2007 and only paid a sum of RM500.00. Cardmember A’s April 2007 Card Statement reflects the balance of RM500.00 carried forward from March 2007. Any Card transaction performed by Cardmember A in the month for April 2007 will not enjoy the benefit of the Interest Free Period. Cardmember B has an Outstanding Balance in his/her Card Account for June 2007 but settles all Outstanding Balance in July 2007. Cardmember B’s August 2007 Card Statement shows no Outstanding Balance carried forward. Subsequently Cardmember B maintains an Outstanding Balance for August 2007 and repays in full in September 2007. Cardmember B’s October 2007 Card Statement shows no Outstanding Balance carried forward. Cardmembers B enjoys Interest Free Period for a Card transactions performed in August 2007 and October 2007.

Interest Free Period refers to the period from the transaction’s posting date to the due date, of at least 20 days after Statement Date, immediately following the Statement Date in which the transaction was posted.

Interest Free Period means (if any) the “Interest Free Period” specified in the Important Information Section. For clarity, the Interest Free Period is the period during which we will not charge interest in respect of the Loan for the period specified.

Interest Free Period means a period, following the making of an advance, during which interest does not accrue on the advance;

Interest Free Period means the period from the posting date of new Retail Transaction charged to the Card Account to the Payment Due Date in a particular Statement of Account and is applicable only to the new Retail Transaction as aforementioned.