Per mille and Stepped interest: Difference between pages

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imported>Doug Williamson
(Classify page.)
 
imported>Doug Williamson
(Replace 'Stepped' page with this new page, so as to deal separately with Stepped margin.)
 
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1. ''Banking''
Calculation of tiered interest at higher rates on larger balances, where the interest is calculated in increments on the balance that falls within that step only.


A charge based on the size of a transaction, quoted per 1,000 currency units of the transaction size.
This is less favourable for the customer receiving credit interest, compared with a banded basis.


2.
More generally, any amount expressed per 1,000 units of a base measure as 'parts per thousand'.
For example, a concentration of pollutants in water or air.




== See also ==
== See also ==
* [[Ad valorem]]
*[[Banded]]
* [[Lifting fees]]
*[[Tiered]]
 
*[[Stepped margin]]
[[Category:Cash_management]]
[[Category:Liquidity_management]]

Revision as of 18:12, 6 April 2015

Calculation of tiered interest at higher rates on larger balances, where the interest is calculated in increments on the balance that falls within that step only.

This is less favourable for the customer receiving credit interest, compared with a banded basis.


See also

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