"Periodic rate" Definition
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 Glossary   >   P   >   "Periodic rate" Definition   

        Periodic rate

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.

Periodic rate


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Periodic rate - 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.


Periodic rate : 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.