Minimum Guaranteed Interest RateΒ means the minimum rate of return on the Investment, as specified on the Certificate of Deposit. "100%" refers to the rate of participation in the growth of the securities. AND πππππππππππ = οΏ½(ππππ’ππ‘πππ πΆπ πππ π1 + ππππ’ππ‘πππ πΆπ πππ πππ + β― ππππ’ππ‘πππ πΆπ πππ πππππ) Γ 1 οΏ½ β 1 οΏ½οΏ½ππ‘π οΏ½οΏ½πππ‘πππ πΆπ πΌπππ‘πππ πΆπ πΌπππ‘πππ πΆπ ππππ where: "Valuation CP" means, in respect of a security, the average of the Closing Prices of a security occurring on April 7, 2027, May 10, 2027, and June 07, 2027 (or, if a Closing Price is unavailable on any such date, on the following day on which a Closing Price is available). "Initial CP" means the Closing Price of a security on June 07, 2024. "S1" β "S20" refers to each of the twenty (20) securities, as listed below. "Closing Price" means, in respect of a security on a particular date, the official closing price for that security on such date as announced by the relevant stock exchange or trading system. Here are the twenty (20)
Minimum Guaranteed Interest RateΒ means a rate equal to [X%] per annum for all deposits to this Contract from and after [October 1, 2020]. [A Minimum Guaranteed Interest Rate of [Y%] will continue to apply to deposits to this Contract before [October 1, 2020] OR A Minimum Guaranteed Interest Rate of [Y%] will continue to apply to deposits to this Contract made between [October 1, 2018] and [September 30, 2020], and a Minimum Guaranteed Interest Rate of [Z%] will continue to apply to deposits to this Contract made before [October 1, 2018].] When more than one Minimum Guaranteed Interest Rate is maintained under this Contract, the portion of the Contract Balance allocated to each Minimum Guaranteed Interest Rate is referred to as a βFloor Rate Bucket.β Withdrawals from this Contract will be allocated first to the Floor Rate Bucket with the highest Minimum Guaranteed Interest Rate, then to the Floor Rate Bucket with the next highest Minimum Guaranteed Interest Rate, and so on in like fashion.] [24]
Examples of Minimum Guaranteed Interest Rate in a sentence
The excess income earned in the Discontinued Policy Fund over and above the Minimum Guaranteed Interest Rate will also be apportioned to the Discontinued Policy Fund in arriving at the proceeds of the discontinued policies and will not be apportioned to the shareholders of the Company.
For a fixed Annuity, the interest rate will never be less than the minimum guaranteed rate shown on Contract Schedule II under Fixed Annuity Minimum Guaranteed Interest Rate.
The Fixed Account minimum guaranteed interest rate is shown on Contract Schedule I under Fixed Account Minimum Guaranteed Interest Rate.
After the Initial Interest Guarantee Period, a new renewal interest rate will be declared annually, but can never be less than the Minimum Guaranteed Interest Rate shown.
The Sub-Funds have not applied hedge accounting under IAS 39 nor will it apply hedge accounting under IFRS 9.
More Definitions of Minimum Guaranteed Interest Rate
Minimum Guaranteed Interest Rate.Β The Minimum Guaranteed Interest Rate for the Fixed Account is 3%.
Minimum Guaranteed Interest RateΒ means the minimum rate of return on the Investment, as specified on the Certificate of Deposit. "100%" refers to the rate of participation in the growth of the securities. where:
Minimum Guaranteed Interest RateΒ means the rate applicable to discontinued policy fund as declared by the Authority from time to time. The current applicable interest rate is 4% per annum;
Minimum Guaranteed Interest Rate.Β [3.00%] Current Interest Rate as of Contract Date: [x%.] [The current interest rates applies only to purchase payments allocated or transferred to Fixed Account I during the calendar month This rate in which this contract is issued. is guaranteed for one contract year.] INVESTMENT OPTIONS: [Federated Prime Money Fund II] [American Century VP Income & Growth Fund] [Federated High Income Bond Fund II] [American Century VP Value Fund] [Federated Utility Fund II] [Templeton Asset Strategx Xxxx] [Fidelity VIP Equity-Income Portfolio] [Templeton Developing Maxxxxx Xxxurities Fund] [Fidelity VIP II Asset Manager Portfolio] [Fidelity VIP II Contrafund(R)Portfolio] [Lazard Retirement Equity Portfolio] [Fidelity VIP II Index 500 Portfolio] [Lazard Retirement Small Cap Portfolio] [Alger American Small Caxxxxxization Portfolio] [Morgan Stanley Emerging Xxxxxtx Xxxxxy Portfolio] [Alger American MidCap Gxxxxx Portfolio] [Morgan Stanley Internatxxxxx Mxxxxx Xortfolio] [Alger American Growth Pxxxxxlio] [Alger American Leveragex XxxCap Portfolio] [Janus Aspen Series Growth Portfolio] [Janus Aspen Series Capital Appreciation Portfolio] [MFS Emerging Growth Series] [Janus Aspen Series Balanced Portfolio] [MFS Research Series] [Janus Aspen Series Worldwide Growth Portfolio] [MFS Investors Trust Series] [Janus Aspen Series International Growth Portfolio] [MFS Total Return Series] [Janus Aspen Series Flexible Income Portfolio] [Alliance Premier Growth Portfolio] [Alliance Growth and Income Portfolio] VARIABLE ACCOUNT: [Valley Forge Life Insurance Company Variable Annuity Separate Account] ALLOCATION GUIDELINES:
Minimum Guaranteed Interest RateΒ means a rate equal to [W%] per annum for all deposits to this Contract after the initial deposit. When more than one Minimum Guaranteed Interest Rate is maintained under this Contract, the portion of the Contract Balance allocated to each Minimum Guaranteed Interest Rate is referred to as a βFloor Rate Bucket.β The initial deposit to this Contract will be allocated to Floor Rate Buckets with the specified Minimum Guaranteed Interest Rates, as follows:
Minimum Guaranteed Interest Rate.Β [3.00%] Current Interest Rate as of Contract Date: [x%.] [The current interest rates applies only to purchase payments allocated or transferred to Fixed Account I during the calendar month in which this contract is issued. This rate is guaranteed for one contract year.]