Minimum Floor Rate definition

Minimum Floor Rate means a minimum rate of return which is guaranteed for the entire term of the policy accumulating on the balance of the policy account and is as mentioned in policy conditions.
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Minimum Floor Rate means guaranteed non-zero positive interest rate, for the entire policy term.
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Minimum Floor Rate means the rate of return of 2% per annum guaranteed for the entire term of the Policy.
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Examples of Minimum Floor Rate in a sentence

  • Minimum Floor Rate is 2.50% p.a. for this product for the entire policy term.

  • Guaranteed non-zero positive interest rate, referred as Minimum Floor Rate.

  • The Minimum Floor Rate of 2% per annum shall be credited to the balance of the Account at the end of every quarter.

  • After the Minimum Floor Rate is credited, the non-negative additional interest shall be credited to the balance of the Account Value.

  • A guaranteed interest amount derived from Minimum Floor Rate (MFR) at the end of every financial quarter.

  • Additional Interest Rate (AIR) Amount and Minimum Floor Rate (MFR) Amount are derived based on the policy account value net of relevant charges.

  • The Reference Index, Guaranteed Minimum Participation Rate, Guaranteed Minimum Cap Rate, Guaranteed Minimum Floor Rate, Index Segment Interest Crediting Dates, and method of calculating Index Segment Interest associated with the Indexed Interest Strategy to which an Index Segment belongs will be stated in reissued Policy Specification Pages.

  • Minimum Floor Rate means the interest rate of 1% per annum and which is guaranteed throughout the tenure of the Master Policy.

  • This rate shall be credited at a quarterly frequency.At each interval, after the Minimum Floor Rate is credited, the non-negative Additional Interest Rate shall be credited to the balance of the Account Value.

  • Minimum Floor Rate shall be credited on the balance of the Policy Account on quarterly basis where the balance of the Policy Account will be at the beginning of each financial quarter.

Related to Minimum Floor Rate

  • Total Floor Area means, the sum total of the total areas of all floors in a building or structure whether at above or below grade measured between the exterior faces of the exterior walls of the building or structure or from the centre line of a common wall separating two uses or from the outside edge of a floor where the outside edge of the floor does not meet an exterior or common wall, and;

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 6.00%.

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such date is equal to or greater than 5.00%.

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Repo Rate on any day means the highest interest rate available to a Lender from investment in overnight repurchase agreements.

  • Eurodollar Rate Reserve Percentage for any Interest Period for all Eurodollar Rate Advances comprising part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurodollar Rate Advances is determined) having a term equal to such Interest Period.