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.
Sample 1Sample 2Sample 3
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
Sample 1Sample 2Sample 3
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
Sample 1Sample 2Sample 3

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.

  • In view of the facts mentioned in paragraph 4 above, the complainant/s prays for the following relief(s)[Specify below the relief(s) claimed explaining the grounds of relief(s) and the legal provisions (if any) relied upon]Sr.No.Relief sought1.In case of failure to give possession1.1In case allottee/s Intends to continue with the project.I.Amount paid.II.Interest for every month of delay at Prevailing rate of interest.

  • 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).

  • 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.

  • 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.

  • The interest on loan is payable 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
Sample 1Sample 2
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.
Sample 1

Related to Prevailing rate of interest

  • 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;

  • 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.

  • 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, 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.

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

  • 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.

  • 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.