The phrase "stated rate" refers to the interest rate that is officially declared or specified by a person or institution for a loan or financial product. It is the publicly declared rate that is used to calculate the interest owed or earned.
Sentences with «stated rate»
The company also announced that it is revising planned annual square footage growth for 2002 and 2003 to approximately 10 %, compared to a previously stated rate of approximately 15 %. (nreionline.com)
The four - year rate must be used when setting goals, as an indicator in state ratings, and when identifying high schools with a graduation rated below 67 percent for comprehensive support. (civilrights.org)