Statutory Interest Rate definition
Statutory Interest Rate means the applicable rate of interest on tax claims
Statutory Interest Rate means the applicable rate of interest on tax claims as
Statutory Interest Rate means a rate determined from time to time by the Minister, with the concurrence of the Minister of Finance, by notice in the Government Gazette under the Prescribed Rate of Interest Act 55, 1975, as provided for in section 59(3)(a) of the NW Act which shall be charged by DWS to a water user for late payment;
Examples of Statutory Interest Rate in a sentence
The rate of interest shall be equal to the Statutory Interest Rate ("Basiszinssatz") plus eight percent.
If the Debtor fails to repay them immediately, then the Debtor shall pay, in addition to such expenses, the amount calculated at the agreed interest rate within the range of 0.06% per annum under Article 54 (Statutory Interest Rate in Commercial Activities) of the Korean Commercial Code on the basis of 365 days of a year (or 366 days in the case of a leap year) for the number of days elapsed from the date of such payment by the Bank until the date of repayment of such expenses in full by the Debtor.
More Definitions of Statutory Interest Rate
Statutory Interest Rate means an annual percentage rate of 3% above the Bank of England base rate from time to time.