TD Prime Rate definition

TD Prime Rate means the floating annual interest rate announced from time to time by The Toronto-Dominion Bank as its reference rate of interest for the determination of interest rates that it will charge to customers of varying degrees of creditworthiness for Canadian dollar loans made by it in ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇.

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TD Prime Rate means the variable annual interest rate published by us from time to time as our TD Prime Rate and is the interest rate we will use as a reference to determine the interest rate that we will charge to customers for certain credit products provided by us in Canadian dollars in Canada. You can find the current TD Prime Rate on our website at ▇▇▇.▇▇.▇▇▇/▇▇‑prime‑rate • Pay for goods and services; or • Transfer to the Account any balance owed on a non‑TD credit card account.

Examples of TD Prime Rate in a sentence

Your annual interest rate is based on a Fixed Rate margin plus the TD Prime Rate.
The Principal Amount will be advanced on: Fourth (4th) business day from the Date of Agreement (the "Date of Advance") Interest on the Principal Amount is calculated at: Variable Annual Interest Rate: TD Prime Rate % per annum (TD Prime Rate today) + % per annum (the "Spread" today) = % per annum (Variable Annual Interest Rate today).
We calculate those variable rates by adding a fixed margin annual interest rate (Fixed Rate) to the TD Prime Rate.
Interest on the Principal Amount is calculated at: Variable Annual Interest Rate: TD Prime Rate % per annum (TD Prime Rate today) + % per annum (the "Spread" today) = % per annum (Variable Annual Interest Rate today).
Repayments without proof of sale, as described in 3.0 of the Terms & Conditions, may be subject to an interest penalty at the TD Prime Rate plus 0.50%.
Interest Charges Interest bearing advances are subject to interest at the TD Prime Rate plus 0.50% (calculated daily), which is calculated and applied to accounts on at least a monthly basis.
This amount assumes that you make no prepayments, and that TD Prime Rate does not change from the rate in effect at the Date of Agreement.

More Definitions of TD Prime Rate

TD Prime Rate. The rate of interest announced, from time to time, within TD in the United States of America as its “Prime Rate”, with the understanding that the “Prime Rate” is one of TD’s base rates (not necessarily the lowest of such rates) and serves as the basis upon which effective rates of interest are calculated for those loans and receivables purchase facilities that make reference thereto and is evidenced by the recording thereof after its announcement in such internal publications as TD may designate (and, if any such announced rate is below the Floor, then the rate determined pursuant to this clause (b) shall be deemed to be the Floor).

TD Prime Rate means the variable annual interest rate published by us from time to time as our

TD Prime Rate means the annual rate of interest announced and adjusted at any time by the Toronto-Dominion Bank as its reference rate then in effect for determining interest rates it will charge on Canadian dollar commercial loans made by it in Canada, and which it may refer to as its “prime rate” or “prime lending rate”;