Sentences with phrase «annum simple interest»

The policy terminates on the death of the annuitant where the option of Life Annuity or Annuity for Life increasing @ 3 % per annum simple interest or Life Annuity with Return of Purchase Price is chosen.

Just like the regular pay but the income will increased by 10 % per annum simple interest every year thereafter.

A one - year bank deposit pays 7.25 % per annum simple interest, paid quarterly.

Not exact matches

* For GIC terms equal to one year, simple interest is calculated on a per annum basis and paid at maturity.

The annual interest rate, also referred to as a simple interest rate, is the same as the per annum interest rate described above.

Under New York's eminent domain law (the «EDPL»), Gyrodyne is also entitled, subject to EDPL Section 514, to statutory simple interest on the additional amount at a rate not to exceed nine percent (9 %) per annum from November 2, 2005, the date of the taking, to the date of payment.

Once the retroactive support becomes a judgment, interest is charged from the date of the order forward at 1 percent simple interest per annum.

10 percent simple interest per annum on money judgments, but only applied in a limited number of cases by direction of the court.by direction of the court.

First year monthly income shall be 0.4 % of the sum assured and shall increase by 10 % per annum (simple interest) of the first year monthly income

o Death Benefit LumpSum + Increasing Monthly Income Option: In case of death of the life insured, this plan pays 50 % of the death sum assured as a lump sum and the balance amount is then paid as increasing monthly installments (@ 12 % per annum at the simple rate of interest) for a period of 10 years.

A support obligation or any portion of a support obligation, which becomes due, and remains unpaid for 30 days or more shall accrue simple interest at the rate of 9 % per annum.