Nominal Rate of Interest definition

Nominal Rate of Interest means the nominal rate of interest of 11.007109% p.a. equal to the Effective Rate of Interest on semi-annual payments of the Fixed Coupon.
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Nominal Rate of Interest means the nominal rate of interest equal to the Effective Rate of Interest on semi-annual payments of the Fixed Coupon. During the Conversion Period, the Nominal Rate of Interest will be 11.196591 per cent p.a. and subsequently thereto 10.817457 per cent p.a.
Sample 1Sample 2
Nominal Rate of Interest means the nominal rate of interest equal to the Effective Rate of Interest on semi-annual payments of the Fixed Coupon. During the Conversion Option Period, the Nominal Rate of Interest will be 9.942849% per annum, and subsequently thereto 9.561447% per annum.
Sample 1

Examples of Nominal Rate of Interest in a sentence

  • The Issuer must pay the Nominal Rate of Interest on the Outstanding Principal ("Fixed Coupon").

  • The same applies to the Specific Terms, with the exception of the Issuer, ISIN Code, Currency, Nominal Rate of Interest, Interest Payment Dates, Fixed Coupon Amount, Maturity Date, Redemption and Status of the Bonds (all as defined therein).

  • The Issuer shall pay the Nominal Rate of Interest on the Outstanding Principal ("Fixed Coupon").

  • Wealth Maximisation; Agency problem, The Financial EnvironmentRisk and Return Analysis:Stand Alone Risk; Statistical Tools for Measuring Risk; Portfolio and Risk Diversification; Systematic Risk and Unsystematic Risk; Expected Rate of Return and Realized Rate of Return for a Single Asset and a Portfolio.Time Value of Money:Concept of Time Value, Discounting and Compounding; Multi-period Compounding; Nominal Rate of Interest vs.

  • The issuer must pay the Nominal Rate of Interest on the Outstanding Principal (“Fixed Coupon”).

  • For merely illustrative purposes, data are given hereunder on the Euribor rates at three (3) months on the dates shown, set in accordance with the provisions established in section b) above, used to calculate the Nominal Rate of Interest for the first Interest Accrual Period (source: Bloomberg).

  • Introduction to Engineering Economics, Fundamental concepts, Time value of money, Cash flow and Time Diagrams, Nominal Rate of Interest Vs Effective Rate of Interest, choosing between alternative investment proposals using Pay back, ARR, NPV, IRR and B/C ratio.

  • When the team felt that all appropriate data had been disaggregated and analyzed, this step of the comprehensive needs assessment was finalized and written into the plan.2: Schoolwide Reform Strategies Our school-wide reform strategies provide opportunities for all children to meet the state's proficient or advanced levels of student performance.

  • Further, no connection of any kind shall be made to the Town's main water lines without approval of the Board of Commissioners.

  • When this is the case, it is more prudent to utilize the more accurate Fisher equation for interest rates:Equation 9.3 Fisher Equation for Interest Rates (1 + Real Rate of Interest) × (1 + Inflation Rate) = (1 + Nominal Rate of Interest) (1 + r*) × (1 + π) = (1 + r)While a little more cumbersome to remember and use, it is the more accurate, especially if inflation is high.

Related to Nominal Rate of Interest

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • Fixed Rate of Interest means the rate of interest payable from time to time in respect of a Fixed Rate Tier 1 BCN or during the Fixed Interest Rate Period in respect of a Fixed/Floating Rate Tier 1 BCN and that is either specified in the relevant Pricing Schedule or calculated in accordance with the provisions in the relevant Pricing Schedule.

  • Reset Rate of Interest means, in relation to a Reset Interest Period, the 7-year Mid-Swap Rate determined for such Reset Interest Period by the Fiscal Agent in accordance with Condition 5 (Interest);

  • Prime Rate of Interest means that rate of interest designated as such by Fleet National Bank of Connecticut, N.A., or any successor thereto, as the same may from time to time fluctuate.

  • Rate of Interest means the rate of interest payable from time to time in respect of this Note and that is either specified or calculated in accordance with the provisions hereon.

  • Default Rate of Interest means the rate of interest otherwise payable on the principal of the Securities plus 1% per annum.

  • Maximum Rate of Interest It is intended that the rate of interest hereon shall never exceed the maximum rate, if any, which may be legally charged on the loan evidenced by this Note ("Maximum Rate"), and if the provisions for interest contained in this Note would result in a rate higher than the Maximum Rate, interest shall nevertheless be limited to the Maximum Rate and any amounts which may be paid toward interest in excess of the Maximum Rate shall be applied to the reduction of principal, or, at the option of HSBC, returned to the Company.

  • First Reset Rate of Interest means, in respect of the First Reset Period and subject to Condition 5.2(b), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the Reference Rate and the First Margin;

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period and subject to Condition 4(b)(ii), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

  • Final rate of pay means the actual rate upon which earnings of an employee were calculated during the twelve (12) month period immediately preceding the member's effective retirement date, and shall include employee contributions picked up after August 1, 1982, pursuant to KRS 78.610(4). The rate shall be certified to the system by the employer and the following equivalents shall be used to convert the rate to an annual rate: two thousand eighty (2,080) hours for eight (8) hour workdays, one thousand nine hundred fifty (1,950) hours for seven and one-half (7.5) hour workdays, two hundred sixty (260) days, fifty-two (52) weeks, twelve (12) months, one (1) year;

  • Interest Rate Period means any Daily Interest Rate Period, Weekly Interest Rate Period, Short-Term Interest Rate Period, Long- Term Interest Rate Period or ARS Interest Rate Period.

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • Annual Rate of Pay means, as of any date, an employee’s annualized base pay rate. An employee’s Annual Rate of Pay shall not include sales commissions or other similar payments or awards.

  • Final rate means an indirect cost rate applicable to a specified past period which is based on the actual allowable costs of the period. A final audited rate is not subject to adjustment.

  • additional rate means the additional rate levied by the City of Cape Town on rateable properties within the designated boundaries of the Special Rating Area for purposes of raising funds for improving and upgrading that area, subject to any exemptions or permissible differentiation between categories of property, as contemplated in section 22(1) of the Rates Act, read with sections 8(1) and 12(2) of the By-Law;

  • ANNUAL RATE ADJUST: MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 74.88200 --------------------------------------------------------------- 0 0030771968 MORTGAGORS: MEDINA CLAUDIO MEDINA GINA REGION CODE ADDRESS : 13512 GREENSTONE DRIVE 01 CITY : RANCHO CUCAMONGA STATE/ZIP : CA 91739 MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT : UNPAID BALANCE : 266,825.34 ANNUAL RATE ADJUST: MONTHLY P&I : 1,982.47 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 89.89800 --------------------------------------------------------------- 0 0030772065 MORTGAGORS: GOLD NEAL REGION CODE ADDRESS : 17 GLOUCESTER STREET, UNIT#9 01 CITY : BOSTON STATE/ZIP : MA 02215 MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT : UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,301.95 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 04/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 49.34200 --------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,489,600.00 P & I AMT: 10,876.62 UPB AMT: 1,488,891.30 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 04/01/97 P.O. BOX 5260 TMS AG0004970430 00 01 03 04 PAGE: 76 CHERRY HILL, N.J. 08034 (800) 257-7818

  • Floating Rate Period shall have the meaning set forth in Section 2.05(b) hereof.

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Highest Lawful Rate means the maximum lawful interest rate, if any, that at any time or from time to time may be contracted for, charged, or received under the laws applicable to such Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which may hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable laws now allow.

  • Rate means the Adjusted LIBO Rate and the Alternate Base Rate.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • Base Rate of Pay means the employee’s hourly rate of pay excluding any premiums, incentives, add-ons or rollups.

  • Floating Rate Convention means that each relevant date shall be the date which numerically corresponds to the preceding such date in the calendar month which is the number of months specified in the applicable Final Terms as the Specified Period after the calendar month in which the preceding such date occurred; provided, however, that:

  • Actual Rate of Pay means, unless and until the Agency Worker has completed the Qualifying Period, the rate of pay which will be paid for all time worked during an Assignment for each hour worked, as set out in the relevant Assignment Details Form;

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • Initial Rate means each rate of interest to be paid in an Initial Period as set forth in the Certificate.