Interest Instalment definition
Examples of Interest Instalment in a sentence
Each payment of interest and principal in respect of the Indexed Notes shall be the amount provided in, or determined in accordance with, these Conditions, multiplied by the Index Ratio or Limited Index Ratio in the case of Limited Indexed Notes applicable to the month in which such payment falls to be made and rounded in accordance with Condition 5(g) (Margin, Maximum/Minimum Rates of Interest, Instalment Amounts, Redemption Amounts and Rounding).
DCR is in the nature of business of marketing consultancy, trading of premium gift and technology related products and services and has entered into merchant acquiring business / agreements with banks in Malaysia pertaining to DCR’s 0% Interest Instalment Facilities (as defined below).