The monthly effective interest rate. For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month.
Similar Matches
Amortizing interest rate swap
Amortizing interest rate swap Swap in which the principal or notional amount rises (falls) as interest rates rise (decline).
And interest
And interest An indication that the buyer will receive accrued interest in addition to the price quoted for a bond.
Any interest date
Any interest date A call provision in a municipal bond indenture that establishes the right of redemption for the issuer on any interest payment due date.