单词 | periodic rate |
释义 | periodic rate in Finance (pɪəriɒdɪk reɪt) Word forms: (regular plural) periodic rates noun (Finance: Banking) The periodic rate is the interest rate charged for each period, such as monthly or quarterly. The periodic rate on a credit card with an 18 percent annual percentage rate is 1.5 percent per month. The annual percentage rate is the periodic rate times the number of periods in a year. The periodic rate is the interest rate charged for each period, such as monthly or quarterly. |
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