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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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.

Annual Percentage Rate (APR): The yearly interest percentage of a loan, as expressed by the actual rate of interest paid. For example: 6% add-on interest would be much more than 6% simple interest, even though both would . . . View Full Definition

Interest Rate: The percentage rate at which interest is charged on a loan or paid on savings etc.

Periodic Interest Rate: The periodic interest rate, sometimes called the nominal rate, is the interest rate a lender charges on the amount you borrow. Lenders are also required to tell you what a loan will actually . . . View Full Definition

Periodicity: The level of detail in terms of time at which data is forecast or reported, specified as months, quarters, or years.

Periodic Trend: A regular variation in element properties with increasing atomic number that is ultimately due to regular variations in atomic structure.

Periodical Lunation: Term applied to the transiting Moon's monthly return to the exact position occupied in a natal horoscope. See also lunar period.

Personal Inflation Rate: The inflation rate as it affects a specific individual.

Phosphoglycerate (PGA): A three-carbon molecule formed when carbon dioxide is added to ribulose biphosphate (RuBP) during the dark reaction of photosynthesis (Calvin, or Calvin-Benson Cycle). PGA is converted to PG . . . View Full Definition

Piece Rate: A per-piece rate system that pays employees based on the number of pieces produced.