Periodic rate

1.

Periodic rate of interest.

2.

Any amount, usually expressed in percentage or decimal terms, applied as a proportionate amount per period and in relation to an actual or notional principal value.

For example, a periodic rate of discount.

Periodic rates are useful for calculating the money amounts of interest or of discount.

See also

• Discount rate
• Effective annual rate
• Nominal
• Notional principal
• Periodic rate of interest
• Principal
• Rate of return