An increased interest rate that is assessed to a debtor who has violated one or more terms of a credit agreement. The rate typically follows non-payment for at least one billing cycle.
Related information about punitive rate:
- What is punitive rate? definition and meaning
Definition of punitive rate: An increased interest rate that is assessed to a debtor who has violated one or more terms of a credit agreement. The rate typically ...
- What is punitive damages? definition and meaning
Nearby Terms. pulling in their... pump · pump and dump · pump priming · punch list · punitive rate · punt · punter · pur autre via · purchase. Tools; Email; Print; Cite ...
- Punitive rate rises for RBS cardholders - Business News - Business ...
Apr 22, 2009 ... RBS, Natwest and Mint cards owned by the RBS Group – which the Government controls – raised their APR from 12.9 per cent to 16.9 per cent ...
- E-toll rate shock: R1.75 a kilometre! - IOL Motoring Industry News ...
Apr 16, 2012 ... The SA National Roads Agency Limited's new punitive rate appeared in Friday's Government Gazette, where Sanral described an alternative ...
- On the parameterization of tax rates - Alan Crowe
It is also clear that 488% is a punitive rate. People will move abroad. People will take early retirement. People will go part time. People will evade it. People will ...
- Sanral puts screws on untagged motorists (six times over) | News ...
Apr 16, 2012 ... Motorists who do not register for e-tags will pay a punitive rate to use Gauteng's new toll roads—a rate nearly six times higher than that levied ...
- JUDGMENT Saint Aubin Limitée (Appellant) v Alain Jean François ...
Nov 23, 2011 ... punitive rate prescribed by s.36(7) of the Labour Act RL 3/315 of 30 ... May 2005, and so the punitive rate would give 90 (i.e. 6 x ½ x 30) times ...
- China Lifts Punitive Reserve Requirement on Rural Cooperative ...
2 days ago... reserve requirement ratio for more than 20 rural cooperative banks, after last year's imposition of a punitive rate hike on these banks expired.