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.
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Annual percentage yield ...
Periodic Rate - A rate of finance charge imposed for a given amount of time.
Personal Identification Number (PIN) - A member's secret identification number that must be used when accessing an automated teller machine (ATM).
Periodic Rate Cap
For an adjustable-rate mortgage (ARM), a limit on the amount that the interest rate can increase or decrease during any one adjustment period, regardless of how high or low the index might be.
periodic rate: The monthly rate at which a borrower is charged interest for borrowing money.
perpetuity: An annuity having payments that continue forever.
Periodic Rate
The interest rate in relation to a specific amount of time. For example, the monthly periodic rate is the cost of credit per month whereas the daily periodic rate is the cost of credit per day.
Periodic rate: the interest that is charged (and subsequently compounded) for each period, divided by the amount of the principal. The periodic rate is used primarily for calculations, and is rarely used for comparison.
The periodic rate received by the creditor on the money loaned.
What It Means ...
The periodic rate times the number of periods in a year. For example, a 5% quarterly return has an A.P.R. of 20%.
The periodic rate is also the interest rate a bank or other financial institution pays on amounts you deposit. If you're earning compound interest, the periodic rate will be lower than the annual percentage yield (APY).
Permanent insurance ...
[FRB][FRBC][FRBM][FRBSF] The periodic rate times the number of periods in a year. For example, a 5% quarterly return has an APR of 20%. [Harvey] The rate required by Truth in Lending laws.
Annual percentage rate (APR) In the context of credit cards, the periodic rate times the number of periods in a year. For example, a 1.5% monthly rate has an APR of 18%.
Annual percentage rate (A.P.R.) The periodic rate times the number of periods in a year. For example, a 5% quarterly return has an A.P.R. of 20%. Annual percentage yield (A.P.Y.) The effective, or true, annual rate of return. The A.P.Y.
The daily balance is multiplied by a loan's monthly periodic rate, which is calculated by dividing the annual percentage rate by 12. A loan with an annual rate of 18 percent would have a monthly periodic rate of 1.5 percent.
The higher periodic rate and the more periods in a year, the larger the gap between APR and APY. APY is more economically meaningful than APR.
Interest 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.
billing summary listing account activity, mailed at regular intervals, usually monthly. A credit card account statement shows new purchases and cash advances during the previous billing cycle , the minimum payment and periodic rate on unpaid balances.
two aforementioned categories (as someone who pays in full only some of the time) it is imperative that you do some comparative shopping. Find out how financing charges work for each situation. That is, pit one credit card company's periodic rate ...
For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month.
 See also: Yield curve, Banks, Funding, Values, Net present value
  
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