Financial Planning Advices » Financial Terminology » What is a Periodic Rate?
What is a Periodic Rate?
Credits include the so called periodic rate. It is based on the APR, which is correlated to a particular period of time.
For example, the monthly periodic rate represents an interest rate paid on monthly basis, which is calculated by dividing APR by 12.
Article Tools
| Rate this article : Low | High |
Bookmark this page (CTRL+D) : 
- What is an Annuity Contract Owner?
- What is an Annuitant?
- What is a Mortgage?
- What is Short Sale?
- What is an Underwriting Fee?
- What is Prepaid Interest?
- What are Discount Points?
- What is an Origination Fee?
- What is an Assumable Mortgage?
- What is an Appraisal Fee?
- What is a Share Savings Account?
- What is Prepayment Penalty?
- What is Microlending?
- What is Negative Amortization?
- What is Amortization?
- What is Refinance?
- What is a Variable Interest Rate?
- What is Universal Default?
- What is a Revolving Credit?
- What is a Periodic Rate?
- What is an Over-the-Limit Fee?
- What is a Nonrevolving Credit?
- What is a Minimum Payment?
- What is a Late Fee?
- What is an Introductory Rate?
- What is a Grace Period?
- What is Finance Charge?
- What is Credit Utilization?
- What is a Credit Score?
- What is a Credit Report?
- What is Credit Limit?
- What is a Credit Inquiry?
- What is a Credit Bureau?
- What is Cash Advance?
- What is a Billing Cycle?
- What is Balance Transfer?
- What is Average Daily Balance?
- What is Annual Percentage Rate (APR)?
- Credit Card Basic Terms