Prevailing rate of interest definition

Prevailing rate of interest means the applicable rates of interest as declared by the Company from time to time that shall be charged to the Policyholder on specified transactions related to the policy, as specified under the Plan. Upon any revisions in the interest rates, the Company shall communicate the same to the customers.
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Prevailing rate of interest means the applicable rate of interest as declared by the Company from time to time that shall be charged to the Policyholder on specified transactions related to the policy, as specified under the Plan, subject to approval of the IRDA of India
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Prevailing rate of interest means the applicable rate of interest as declared by Us from time to time that shall be charged to You on specified transactions related to the Policy, subject to approval of the IRDA of India
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Examples of Prevailing rate of interest in a sentence

  • Prevailing rate of interest shall be charged by the bank and the repayment schedule will be 5 years.

  • When a substantial economic downturn occurs, the impact of such policies could be particularly crucial for health (Stuckler & Basu, 2013; Stuckler, Basu, & McKee, 2010a; Stuckler, Basu, & McKee, 2010b; Stuckler et al., 2009a; Suhrcke & Stuckler, 2012).

  • The interest on loan is payable at the Prevailing rate of interest.

  • This will be a consent agenda item for approval during winter 2009, and SAC approval should come at Annual 2009.IFLA is interested in this document as well and may adopt these after ACRL approval at August IFLA meeting.

  • The Prevailing rate of interest for 2016 is 10.5% p.a. and Company reserves the right to change this interest rate, subject to prior approval from IRDAI.

  • The due Installment Premium and interest at the Prevailing rate of interest specified by Us is paid to Us in full.

  • We shall charge interest on the loan amount granted at such Prevailing rate of interest at the time of disbursement of the loan.

  • All due arrears of Installment Premiums along with Prevailing rate of interest, if any is received by Us.

  • If the Base Policy is revived, the rider Benefits (if any) can be revived by paying the arrears of premiums under the riders with interest at the Prevailing revival rate of interest.The interest for revival is payable at the Prevailing rate of interest.

  • If the Base Plan is revived, the rider Benefits can be revived by paying the arrears of premiums under the riders with interest at the Prevailing rate of interest.


More Definitions of Prevailing rate of interest

Prevailing rate of interest means the applicable rates of interest as declared by the Company from time to time that shall be charged to the Policyholder on specified transactions related to the policy, as
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Prevailing rate of interest means the applicable rate of interest as declared by the Company from time to time that shall be charged to the Policyholder on specified transactions related to the Policy, as specified under the Policy. “Regulation” means the extant laws and regulations that are applicable to this Policy.
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Related to Prevailing rate of interest

  • Prevailing Rate means, in respect of any currencies on any day, the spot rate of exchange between the relevant currencies prevailing as at or about 12 noon (London time) on that date as appearing on or derived from the Relevant Page or, if such a rate cannot be determined at such time, the rate prevailing as at or about 12 noon (London time) on the immediately preceding day on which such rate can be so determined or, if such rate cannot be so determined by reference to the Relevant Page, the rate determined in such other manner as an Independent Financial Adviser shall in good faith prescribe.

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

  • 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;

  • 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.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period and, if applicable, subject to Condition 5(b)(iii) and Condition 5(b)(iv), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Reset Reference Rate and the relevant Subsequent Reset Margin;

  • Current rate of pay means the member's actual hourly, daily, weekly, biweekly, monthly, or yearly rate of pay converted to an annual rate as defined in final rate of pay. The rate shall be certified by the employer;

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

  • 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;

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

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.