Additional Interest definition: Copy, customize, and use instantly
Introduction
The term "Additional Interest" refers to the extra amounts, benefits, or entitlements that are accrued or paid in addition to the primary interest. This can be stipulated in various contexts, such as loans, agreements, or financial transactions. The inclusion of additional interest may serve to compensate for extra risks, delayed payments, or as part of specific financial arrangements.
Below are various examples of how "Additional Interest" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Additional Interest" as a financial charge
This definition ties "Additional Interest" to financial charges in loan agreements.
"Additional Interest" means the extra amount charged over the base interest rate, which may be applied due to late payments, changes in market conditions, or other specified circumstances under the terms of the loan agreement.
Definition of "Additional Interest" for delayed payments
This definition connects "Additional Interest" to payment delays.
"Additional Interest" refers to the interest applied to an overdue amount in addition to the standard interest rate, as specified in the agreement between the parties.
Definition of "Additional Interest" for risk adjustments
This definition links "Additional Interest" to adjustments based on risk factors.
"Additional Interest" means the extra percentage added to the principal or outstanding amount to reflect increased risks or market fluctuations, as stipulated in the contract.
Definition of "Additional Interest" in bond agreements
This definition applies "Additional Interest" to bond terms.
"Additional Interest" refers to the extra interest paid to bondholders in case of specific events, such as changes in credit ratings, changes in interest rates, or other agreed-upon conditions under the bond agreement.
Definition of "Additional Interest" for loan modifications
This definition ties "Additional Interest" to modifications in loan terms.
"Additional Interest" means the increased interest rate that may apply to a loan after its modification, to reflect changes in loan conditions, duration, or borrower risk.
Definition of "Additional Interest" for defaulted payments
This definition connects "Additional Interest" to default situations.
"Additional Interest" refers to the interest amount that is added to the principal when the borrower fails to make timely payments, according to the terms of the loan agreement.
Definition of "Additional Interest" for credit agreements
This definition links "Additional Interest" to credit arrangements.
"Additional Interest" means the interest rate applied to the outstanding balance of a credit facility, which is higher than the normal rate, based on the specific terms and conditions set forth in the credit agreement.
Definition of "Additional Interest" for variable interest rates
This definition applies "Additional Interest" to variable-rate loans.
"Additional Interest" refers to the extra interest added to the initial base rate in the case of variable interest rate loans, reflecting changes in benchmark rates or inflation.
Definition of "Additional Interest" for late settlement
This definition ties "Additional Interest" to settlement delays.
"Additional Interest" means the extra charge applied when a payment or settlement is delayed beyond the agreed-upon period, as outlined in the terms of the settlement agreement.
Definition of "Additional Interest" for financial products
This definition connects "Additional Interest" to broader financial products.
"Additional Interest" refers to the supplementary interest that applies to certain financial products, such as savings accounts or investment funds, over and above the base interest rate, based on specific conditions.
Definition of "Additional Interest" for interest penalties
This definition links "Additional Interest" to penalties.
"Additional Interest" means the extra charge imposed on a borrower or debtor as a penalty for not meeting the required payment schedule or contract terms.
Definition of "Additional Interest" for early withdrawal
This definition ties "Additional Interest" to early withdrawal penalties.
"Additional Interest" refers to the interest added to an account balance or financial instrument as a penalty for early withdrawal or premature cancellation of the agreement.
Definition of "Additional Interest" in mortgage agreements
This definition connects "Additional Interest" to mortgage loans.
"Additional Interest" refers to the interest that may be charged above the standard mortgage interest rate in the event of late payments, adjustments, or other specified conditions in the mortgage agreement.
Definition of "Additional Interest" for loans with flexible terms
This definition links "Additional Interest" to flexible loan agreements.
"Additional Interest" means the extra amount that is added to the principal or outstanding balance in a loan agreement that allows for flexible repayment schedules, depending on the changes in interest rates or payment timing.
Definition of "Additional Interest" for loan restructuring
This definition applies "Additional Interest" to restructured loans.
"Additional Interest" refers to the increase in the interest rate or additional interest charges that apply when a loan is restructured, reflecting changes in terms, repayment periods, or risk factors.
Definition of "Additional Interest" for late fees
This definition ties "Additional Interest" to fee structures.
"Additional Interest" means the interest charged as a late fee, which is added to the original balance of an account when a payment is not received on time.
Definition of "Additional Interest" for government securities
This definition connects "Additional Interest" to government-issued securities.
"Additional Interest" refers to the interest amount applied to government securities or bonds in the event of a late payment or other agreed-upon circumstances, such as changes in the security terms or market conditions.
Definition of "Additional Interest" for interest rate changes
This definition links "Additional Interest" to rate fluctuations.
"Additional Interest" means the extra amount applied when there is a fluctuation in the interest rate, resulting in a higher payment than initially agreed upon.
Definition of "Additional Interest" for commercial financing
This definition ties "Additional Interest" to commercial financing.
"Additional Interest" refers to the additional amount charged by a lender or financier in a commercial financing agreement, often due to changes in market conditions or business-specific risks.
Definition of "Additional Interest" for credit lines
This definition connects "Additional Interest" to credit line terms.
"Additional Interest" means the extra interest charged on a credit line, either because of changes in the terms of the credit or due to a delay in repayment, as specified in the credit agreement.
Definition of "Additional Interest" for short-term loans
This definition links "Additional Interest" to short-term borrowing.
"Additional Interest" refers to the interest added to short-term loans when the borrower fails to repay the loan by the agreed-upon date, or in case of an extension or renegotiation of loan terms.
Definition of "Additional Interest" for restructuring agreements
This definition ties "Additional Interest" to debt restructuring.
"Additional Interest" means the interest charged when a debt restructuring agreement leads to an increase in the principal or the addition of new financial terms that affect the original repayment schedule.
Definition of "Additional Interest" for installment agreements
This definition applies "Additional Interest" to installment payments.
"Additional Interest" refers to the extra interest added to an installment payment plan when the payments are delayed or if the payment schedule is extended beyond the original agreement.
Definition of "Additional Interest" for credit default
This definition connects "Additional Interest" to default situations.
"Additional Interest" means the interest that accrues when a borrower defaults on their credit obligations, as specified in the credit agreement or default clause.
Definition of "Additional Interest" for tax payments
This definition links "Additional Interest" to tax payments.
"Additional Interest" refers to the interest charged on overdue tax payments or refunds, in addition to the standard tax rate, based on the tax authority’s terms and conditions.
Definition of "Additional Interest" for dividends
This definition ties "Additional Interest" to dividend payments.
"Additional Interest" means the extra amount paid alongside dividends, often as a bonus or incentive, to shareholders based on specific performance metrics or contractual stipulations.
Definition of "Additional Interest" for late settlement in securities transactions
This definition applies "Additional Interest" to securities trades.
"Additional Interest" refers to the extra amount charged when a securities trade is not settled by the agreed-upon time, as determined in the securities transaction agreement.
Definition of "Additional Interest" for investment agreements
This definition connects "Additional Interest" to investments.
"Additional Interest" refers to the supplementary amount earned or paid on top of the base investment return, which may be due to market conditions, performance bonuses, or other factors specified in the agreement.
Definition of "Additional Interest" for guarantees
This definition links "Additional Interest" to guarantee contracts.
"Additional Interest" means the extra interest charged on a loan or financial obligation when the lender is required to extend or restructure the loan under a guarantee agreement, often due to risk adjustments or default.
Definition of "Additional Interest" for conditional payments
This definition ties "Additional Interest" to conditional payment agreements.
"Additional Interest" refers to the extra charge imposed on a conditional payment that occurs if certain criteria are met, such as reaching a specific performance milestone or meeting deadlines in the agreement.
Definition of "Additional Interest" for investment funds
This definition connects "Additional Interest" to investment fund terms.
"Additional Interest" refers to the added return or profit that an investor might receive over the standard fund return, often as part of a performance-based agreement or special condition in the fund’s terms.
Definition of "Additional Interest" for credit agreement renegotiation
This definition links "Additional Interest" to renegotiated credit terms.
"Additional Interest" means the extra charge or interest rate increase applied to a credit facility after the agreement is renegotiated, reflecting changes in terms, risk, or financial conditions.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.