Market interest rate definition

Market interest rate means the interest rate determined by the authority under existing market conditions at the time the authority shall provide financial assistance to a governmental agency;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Market interest rate means the average 91-day treasury bill rate of interest for the previous quarter.

Market interest rate means the interest rate determined by the authority under

Examples of Market interest rate in a sentence

Market interest rate or benchmark interest rate refers to the 91-day CD distribution yield for KRW-denominated loans, the period-specific distribution yield for AAA-rated financial bonds, and the short-term COFIX interest rate.
This account entitles the accountholder to an interest rate and APY higher than the Business Money Market interest rate and APY as long as the accountholder maintains a Relationship Business Checking Account with the same primary Tax ID and ownership as the accountholder.
This account entitles the accountholder to an interest rate and APY higher than the Public Funds Money Market interest rate and APY as long as the accountholder maintains a Business Analysis Checking Account with the same primary Tax ID and ownership as the accountholder.
Amount of prepayment x (Market interest rate of the Borrowing*1 - Market interest rate at the time of prepayment*2) x Remaining period (number of days) at the time of prepayment*3 / 365 days *1: Interest rate at which the Bank procures funds.

More Definitions of Market interest rate

Market interest rate means the effective interest rate on a fixed−rate revenue obligation issued by the state to fund a loan made under this section or, if the department of administration determines that there has been a significant change in interest rates after the fixed−rate revenue obligation has been issued or if a fixed−rate revenue obligation has not been issued by the state to fund a loan made under this section, the effective interest rate that the department of administration determines would have been paid if a fixed−rate revenue obligation had been issued on the date financial assistance is allotted.

Market interest rate means the effective interest rate, as determined by DOA for a revenue obligation issued by the state to fund a project loan or a portion of a project loan under ss. 281.59 and 281.61, Stats., and in effect at the time of preparing the finan- cial assistance agreement.

Market interest rate means the effective interest rate on a fixed−rate revenue obligation issued by the state to fund a loan made under this section or, for a variable rate obligation, the effec- tive interest rate that the department of administration determines would have been paid if the variable rate obligation had been sold at a fixed rate.

Market interest rate means an interest rate equal to the greater of (a) the prior 30 day average of the most recent seven year U.S. Treasury Note plus 2.00% per annum or (b) 8.50% per annum.

Market interest rate means the interest at the effective rate of a revenue obligation issued by the state to fund a loan or a portion of a loan for a project under the clean water fund pro- gram.

Market interest rate means an interest rate equal to the greater of (a) the prior thirty (30) day average of the most recent seven year U.S. Treasury Note plus 1.75% per annum or (b) the actual average interest rate on the Loans for the preceding twelve (12) months.

Market interest rate means the interest at the effective rate of a revenue obligation issued by this state to fund a loan or portion of a loan for a clean water fund program project under s. 281.58.