The New Zealand Law Journal: NZLJ., Volume 50Butterworths, 1975 - Law |
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Page 271
NZLJ. as an " interest period " ( because the rate of interest will depend almost entirely on the length of this period ) and the last day of each Interest Period is known as a " rollover date " ( because on this date the loan will be ...
NZLJ. as an " interest period " ( because the rate of interest will depend almost entirely on the length of this period ) and the last day of each Interest Period is known as a " rollover date " ( because on this date the loan will be ...
Page 272
... Interest Period and repay it on maturity . When the borrower makes repayment the banks are assured that the amount they receive will be exactly the amount they require to satisfy their commitment under their interbank loan . On the ...
... Interest Period and repay it on maturity . When the borrower makes repayment the banks are assured that the amount they receive will be exactly the amount they require to satisfy their commitment under their interbank loan . On the ...
Page 273
... interest provision The essence of this provision is that the bor- rower agrees to pay interest at a specified mar- gin above the rate that the banks pay for their funds for the relevant interest period . Interest is payable in arrear at ...
... interest provision The essence of this provision is that the bor- rower agrees to pay interest at a specified mar- gin above the rate that the banks pay for their funds for the relevant interest period . Interest is payable in arrear at ...
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