Interest Commencement Date definition: Copy, customize, and use instantly
Introduction
The term "Interest Commencement Date" refers to the specific date on which interest begins to accrue on a loan, bond, or other financial instrument. This date marks the start of the period during which the borrower is responsible for paying interest to the lender. The Interest Commencement Date is crucial for calculating the amount of interest due and ensuring that all parties understand the timeline for payment obligations.
Below are various examples of how "Interest Commencement Date" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Interest Commencement Date" as the date on which interest begins to accrue on a loan or financial instrument, starting the period during which the borrower must make interest payments
This definition ties "Interest Commencement Date" to loan repayment and interest accrual.
"Interest Commencement Date" refers to the date on which interest begins to accrue on a loan or financial instrument, starting the period during which the borrower must make interest payments, ensuring that the financial obligations are clearly outlined.
Definition of "Interest Commencement Date" as the point in time when interest begins to accumulate on a financial obligation, signifying the start of the borrower's duty to pay interest according to the terms of the agreement
This definition connects "Interest Commencement Date" to the borrower’s duty to pay interest.
"Interest Commencement Date" refers to the point in time when interest begins to accumulate on a financial obligation, signifying the start of the borrower's duty to pay interest according to the terms of the agreement, providing a clear timeline for financial responsibilities.
Definition of "Interest Commencement Date" as the specific date from which interest is calculated on a loan or debt, marking the start of the accrual period and the point at which the borrower becomes liable for interest payments
This definition links "Interest Commencement Date" to interest calculation and liability.
"Interest Commencement Date" refers to the specific date from which interest is calculated on a loan or debt, marking the start of the accrual period and the point at which the borrower becomes liable for interest payments, ensuring clarity on when financial obligations take effect.
Definition of "Interest Commencement Date" as the agreed-upon date that marks the beginning of the period during which interest payments are due, determining the timing for interest calculation on outstanding balances
This definition connects "Interest Commencement Date" to interest calculation timing.
"Interest Commencement Date" refers to the agreed-upon date that marks the beginning of the period during which interest payments are due, determining the timing for interest calculation on outstanding balances, helping both parties track payment schedules.
Definition of "Interest Commencement Date" as the date when the borrower’s obligation to pay interest on the principal amount of the loan starts, triggering the interest calculation process
This definition ties "Interest Commencement Date" to the start of the borrower’s obligation.
"Interest Commencement Date" refers to the date when the borrower’s obligation to pay interest on the principal amount of the loan starts, triggering the interest calculation process and establishing the start of payment responsibility for the borrower.
Definition of "Interest Commencement Date" as the date when interest begins to accrue on a financial instrument or loan, marking the point at which the borrower is responsible for making interest payments
This definition ties "Interest Commencement Date" to the start of the borrower’s interest obligations.
"Interest Commencement Date" refers to the date when interest begins to accrue on a financial instrument or loan, marking the point at which the borrower is responsible for making interest payments, ensuring that both parties are aware of the start of the financial obligation.
Definition of "Interest Commencement Date" as the specific date from which interest is calculated on a debt, initiating the accrual of interest on the outstanding balance owed by the borrower
This definition connects "Interest Commencement Date" to the accrual of interest.
"Interest Commencement Date" refers to the specific date from which interest is calculated on a debt, initiating the accrual of interest on the outstanding balance owed by the borrower, providing clarity on the timeline for interest charges.
Definition of "Interest Commencement Date" as the agreed-upon date when the accrual of interest starts, triggering the borrower's liability for interest payments as specified in the loan or financial agreement
This definition ties "Interest Commencement Date" to the start of the borrower’s liability.
"Interest Commencement Date" refers to the agreed-upon date when the accrual of interest starts, triggering the borrower's liability for interest payments as specified in the loan or financial agreement, ensuring a clear understanding of when the borrower must begin payments.
Definition of "Interest Commencement Date" as the date when interest charges begin to apply on the principal amount of a loan, signaling the commencement of the interest period and payment schedule
This definition connects "Interest Commencement Date" to the interest period and payment schedule.
"Interest Commencement Date" refers to the date when interest charges begin to apply on the principal amount of a loan, signaling the commencement of the interest period and payment schedule, helping both parties track when interest will start to accrue.
Definition of "Interest Commencement Date" as the specific point in time when interest becomes due on a financial obligation, marking the start of the interest accrual period for both parties
This definition links "Interest Commencement Date" to the start of the interest accrual period.
"Interest Commencement Date" refers to the specific point in time when interest becomes due on a financial obligation, marking the start of the interest accrual period for both parties, providing a clear starting point for payment and interest calculation.
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Interest Commencement Date definition: Copy, customize, and use instantly
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Introduction
The term "Interest Commencement Date" refers to the designated date when the interest on a financial obligation, such as a loan or debt, starts accruing. This date marks the beginning of the borrower’s responsibility to make interest payments according to the agreed terms. The Interest Commencement Date is crucial for calculating the total interest owed and ensuring that both parties understand when the financial obligations for interest begin.
Below are various examples of how "Interest Commencement Date" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Interest Commencement Date" as the point in time when interest begins to accumulate on a loan, marking the start of the borrower’s financial responsibility for interest payments
"Interest Commencement Date" refers to the point in time when interest begins to accumulate on a loan, marking the start of the borrower’s financial responsibility for interest payments, setting a clear starting point for payment calculations.
Definition of "Interest Commencement Date" as the date on which interest begins to accrue on a debt, initiating the period during which interest payments are due from the borrower to the lender
"Interest Commencement Date" refers to the date on which interest begins to accrue on a debt, initiating the period during which interest payments are due from the borrower to the lender, ensuring both parties are clear on the financial obligations.
Definition of "Interest Commencement Date" as the agreed-upon date from which interest charges start to accrue on the principal amount of the loan or financial instrument
"Interest Commencement Date" refers to the agreed-upon date from which interest charges start to accrue on the principal amount of the loan or financial instrument, marking the beginning of the borrower's payment obligations.
Definition of "Interest Commencement Date" as the date on which the borrower’s obligation to pay interest on the loan or financial instrument begins, initiating the interest accrual process
"Interest Commencement Date" refers to the date on which the borrower’s obligation to pay interest on the loan or financial instrument begins, initiating the interest accrual process and establishing the timeframe for future payments.
Definition of "Interest Commencement Date" as the start date for the accrual of interest on a financial obligation, marking the point at which interest payments become due from the borrower
"Interest Commencement Date" refers to the start date for the accrual of interest on a financial obligation, marking the point at which interest payments become due from the borrower, ensuring timely payment of interest moving forward.
Definition of "Interest Commencement Date" as the specific date when interest begins to accrue on a financial obligation, triggering the borrower's responsibility for paying interest according to the terms of the contract
"Interest Commencement Date" refers to the specific date when interest begins to accrue on a financial obligation, triggering the borrower's responsibility for paying interest according to the terms of the contract, preventing confusion about when interest starts.
Definition of "Interest Commencement Date" as the date that marks the beginning of the interest accrual period on a loan, ensuring both the lender and borrower are aligned on when interest payments start
"Interest Commencement Date" refers to the date that marks the beginning of the interest accrual period on a loan, ensuring both the lender and borrower are aligned on when interest payments start, establishing a clear timeline for payment obligations.
Definition of "Interest Commencement Date" as the date on which interest begins to be calculated on the outstanding principal of a loan, establishing the period during which interest payments are owed by the borrower
"Interest Commencement Date" refers to the date on which interest begins to be calculated on the outstanding principal of a loan, establishing the period during which interest payments are owed by the borrower, ensuring accuracy in payment schedules.
Definition of "Interest Commencement Date" as the day when the borrower becomes liable for interest payments, marking the beginning of interest accrual on an outstanding balance
"Interest Commencement Date" refers to the day when the borrower becomes liable for interest payments, marking the beginning of interest accrual on an outstanding balance, ensuring that both parties are clear on when the interest period begins.
Definition of "Interest Commencement Date" as the specific date when the obligation to pay interest on a financial instrument starts, signaling the borrower’s responsibility to begin making interest payments
"Interest Commencement Date" refers to the specific date when the obligation to pay interest on a financial instrument starts, signaling the borrower’s responsibility to begin making interest payments according to the terms of the agreement.
Definition of "Interest Commencement Date" as the date that triggers the calculation and accrual of interest on a loan or debt, marking the beginning of the borrower’s interest payment obligation
"Interest Commencement Date" refers to the date that triggers the calculation and accrual of interest on a loan or debt, marking the beginning of the borrower’s interest payment obligation, ensuring that both parties are aware of the payment schedule.
Definition of "Interest Commencement Date" as the date on which the borrower’s financial responsibility for paying interest begins, signifying the start of the period for accruing interest on the outstanding balance
"Interest Commencement Date" refers to the date on which the borrower’s financial responsibility for paying interest begins, signifying the start of the period for accruing interest on the outstanding balance, establishing a clear understanding of the borrower’s obligations.
Definition of "Interest Commencement Date" as the day interest begins to accrue on a financial obligation, starting the period during which the borrower is responsible for paying interest
"Interest Commencement Date" refers to the day interest begins to accrue on a financial obligation, starting the period during which the borrower is responsible for paying interest, ensuring clarity in the interest payment timeline.
Definition of "Interest Commencement Date" as the date set forth in the loan agreement when interest begins to accrue, defining the start of the borrower’s payment obligations for interest
"Interest Commencement Date" refers to the date set forth in the loan agreement when interest begins to accrue, defining the start of the borrower’s payment obligations for interest, ensuring that both parties adhere to the agreed terms.
Definition of "Interest Commencement Date" as the specific date on which interest begins to be calculated on a financial obligation, marking the start of interest accrual and the borrower’s responsibility to make interest payments
"Interest Commencement Date" refers to the specific date on which interest begins to be calculated on a financial obligation, marking the start of interest accrual and the borrower’s responsibility to make interest payments according to the terms of the agreement.
Definition of "Interest Commencement Date" as the agreed-upon date from which interest charges start to accrue on a loan, indicating the beginning of the borrower’s duty to pay interest
"Interest Commencement Date" refers to the agreed-upon date from which interest charges start to accrue on a loan, indicating the beginning of the borrower’s duty to pay interest, establishing a firm timeline for repayment.
Definition of "Interest Commencement Date" as the date that initiates the accrual of interest on a financial instrument, marking the start of the borrower’s payment obligations for interest over the term of the loan
"Interest Commencement Date" refers to the date that initiates the accrual of interest on a financial instrument, marking the start of the borrower’s payment obligations for interest over the term of the loan, ensuring proper payment management.
Definition of "Interest Commencement Date" as the designated date when the interest period begins, marking the start of the borrower's interest payment schedule and its inclusion in the loan repayment process
"Interest Commencement Date" refers to the designated date when the interest period begins, marking the start of the borrower's interest payment schedule and its inclusion in the loan repayment process, ensuring timely and accurate payment tracking.
Definition of "Interest Commencement Date" as the date specified in the financial agreement when interest payments become due, starting the period during which interest begins to accrue on the principal
"Interest Commencement Date" refers to the date specified in the financial agreement when interest payments become due, starting the period during which interest begins to accrue on the principal, ensuring clarity in the payment schedule.
Definition of "Interest Commencement Date" as the point in time when interest begins to accrue on a financial obligation, marking the beginning of the borrower's responsibility to start making interest payments
"Interest Commencement Date" refers to the point in time when interest begins to accrue on a financial obligation, marking the beginning of the borrower's responsibility to start making interest payments, ensuring that both parties are clear about the payment schedule.
Definition of "Interest Commencement Date" as the specific date from which interest is calculated on the outstanding balance of a loan, initiating the borrower's duty to pay interest
"Interest Commencement Date" refers to the specific date from which interest is calculated on the outstanding balance of a loan, initiating the borrower's duty to pay interest, providing clarity on when the financial obligations begin.
Definition of "Interest Commencement Date" as the date on which the borrower becomes liable for paying interest, setting the start of the interest calculation period
"Interest Commencement Date" refers to the date on which the borrower becomes liable for paying interest, setting the start of the interest calculation period, ensuring both parties understand when interest starts accruing.
Definition of "Interest Commencement Date" as the designated date when the interest period begins, marking the start of the borrower's obligation to pay interest
"Interest Commencement Date" refers to the designated date when the interest period begins, marking the start of the borrower's obligation to pay interest, ensuring that interest payments are due as per the agreement.
Definition of "Interest Commencement Date" as the date that triggers the calculation of interest, making the borrower responsible for paying interest on the loan from that date forward
"Interest Commencement Date" refers to the date that triggers the calculation of interest, making the borrower responsible for paying interest on the loan from that date forward, creating a defined start for repayment terms.
Definition of "Interest Commencement Date" as the start date for interest accrual on a loan, marking the official beginning of the borrower's responsibility to pay interest based on the outstanding balance
"Interest Commencement Date" refers to the start date for interest accrual on a loan, marking the official beginning of the borrower's responsibility to pay interest based on the outstanding balance, establishing the timeline for interest charges.
Definition of "Interest Commencement Date" as the point when interest begins accumulating on the principal amount of a loan, indicating the commencement of the borrower's financial obligation to pay interest
"Interest Commencement Date" refers to the point when interest begins accumulating on the principal amount of a loan, indicating the commencement of the borrower's financial obligation to pay interest, ensuring the start of accurate interest calculations.
Definition of "Interest Commencement Date" as the date specified in the loan agreement when the borrower begins to accrue interest on the loan amount, triggering the calculation of interest payments
"Interest Commencement Date" refers to the date specified in the loan agreement when the borrower begins to accrue interest on the loan amount, triggering the calculation of interest payments and establishing a clear schedule for payments.
Definition of "Interest Commencement Date" as the agreed-upon date that marks the beginning of the interest accrual period, ensuring that both the borrower and lender are aligned on the start of interest payments
"Interest Commencement Date" refers to the agreed-upon date that marks the beginning of the interest accrual period, ensuring that both the borrower and lender are aligned on the start of interest payments, avoiding confusion over payment timelines.
Definition of "Interest Commencement Date" as the date when interest begins to accrue on a debt or loan, marking the start of the borrower's obligation to pay interest on the principal balance
"Interest Commencement Date" refers to the date when interest begins to accrue on a debt or loan, marking the start of the borrower's obligation to pay interest on the principal balance, providing a clear framework for repayment.
Definition of "Interest Commencement Date" as the specific day when interest begins to accrue on a financial obligation, setting the stage for interest payments to begin according to the contract terms
"Interest Commencement Date" refers to the specific day when interest begins to accrue on a financial obligation, setting the stage for interest payments to begin according to the contract terms, ensuring a structured payment process.
Definition of "Interest Commencement Date" as the date from which interest is charged on the outstanding loan balance, triggering the borrower’s responsibility to pay interest going forward
"Interest Commencement Date" refers to the date from which interest is charged on the outstanding loan balance, triggering the borrower’s responsibility to pay interest going forward, ensuring that payments are due on the correct date.
Definition of "Interest Commencement Date" as the moment when the borrower’s interest liability begins, initiating the financial obligation to pay interest as outlined in the loan agreement
"Interest Commencement Date" refers to the moment when the borrower’s interest liability begins, initiating the financial obligation to pay interest as outlined in the loan agreement, creating a clear beginning point for interest payments.
Definition of "Interest Commencement Date" as the day on which interest begins to accumulate on the loan balance, starting the borrower's obligation to pay interest on the principal amount
"Interest Commencement Date" refers to the day on which interest begins to accumulate on the loan balance, starting the borrower's obligation to pay interest on the principal amount, setting the timeline for future payments.
Definition of "Interest Commencement Date" as the agreed date from which interest starts to be calculated on a loan, marking the beginning of the borrower's repayment responsibility
"Interest Commencement Date" refers to the agreed date from which interest starts to be calculated on a loan, marking the beginning of the borrower's repayment responsibility, ensuring that interest is accurately accounted for and paid.
Definition of "Interest Commencement Date" as the date specified in the contract when interest begins to accrue on a loan, setting the official start of the borrower's interest payment obligations
"Interest Commencement Date" refers to the date specified in the contract when interest begins to accrue on a loan, setting the official start of the borrower's interest payment obligations, establishing clarity for both parties involved.
Definition of "Interest Commencement Date" as the point at which the borrower becomes liable for interest, starting the accumulation of interest payments on the loan balance
"Interest Commencement Date" refers to the point at which the borrower becomes liable for interest, starting the accumulation of interest payments on the loan balance, ensuring the start of financial obligations under the agreement.
Definition of "Interest Commencement Date" as the date on which the interest-bearing period starts, making it the key date for calculating interest and determining the borrower's payment timeline
"Interest Commencement Date" refers to the date on which the interest-bearing period starts, making it the key date for calculating interest and determining the borrower's payment timeline, establishing the framework for repayment.
Definition of "Interest Commencement Date" as the date when interest starts accumulating on the outstanding loan amount, marking the beginning of the period during which the borrower will be responsible for interest payments
"Interest Commencement Date" refers to the date when interest starts accumulating on the outstanding loan amount, marking the beginning of the period during which the borrower will be responsible for interest payments, providing a clear start to the financial obligation.
Definition of "Interest Commencement Date" as the date when interest starts accumulating on a loan, marking the beginning of the borrower's obligation to pay interest on the principal balance
"Interest Commencement Date" refers to the date when interest starts accumulating on a loan, marking the beginning of the borrower's obligation to pay interest on the principal balance, establishing the start of the interest payment timeline.
Definition of "Interest Commencement Date" as the specific date upon which interest begins to accrue on a financial obligation, signaling the borrower’s responsibility to begin making interest payments
"Interest Commencement Date" refers to the specific date upon which interest begins to accrue on a financial obligation, signaling the borrower’s responsibility to begin making interest payments, ensuring that both parties understand the start of the interest period.
Definition of "Interest Commencement Date" as the agreed date from which interest is calculated on a loan, establishing the point when the borrower becomes responsible for interest payments
"Interest Commencement Date" refers to the agreed date from which interest is calculated on a loan, establishing the point when the borrower becomes responsible for interest payments, clarifying the start of the borrower's obligations.
Definition of "Interest Commencement Date" as the moment when interest begins to accrue on a financial obligation, initiating the borrower’s responsibility to pay interest on the outstanding balance
"Interest Commencement Date" refers to the moment when interest begins to accrue on a financial obligation, initiating the borrower’s responsibility to pay interest on the outstanding balance, marking the beginning of the borrower’s interest payments.
Definition of "Interest Commencement Date" as the specific date on which interest begins to accumulate, marking the start of the borrower’s financial responsibility for interest payments
"Interest Commencement Date" refers to the specific date on which interest begins to accumulate, marking the start of the borrower’s financial responsibility for interest payments, ensuring the clarity of the timeline for the financial obligations.
Definition of "Interest Commencement Date" as the point when interest charges begin on a loan or debt, starting the period during which the borrower must make interest payments
"Interest Commencement Date" refers to the point when interest charges begin on a loan or debt, starting the period during which the borrower must make interest payments, setting the official start of the borrower's obligation to pay interest.
Definition of "Interest Commencement Date" as the date from which interest is calculated on a financial instrument, marking the start of the period for interest accumulation and payment by the borrower
"Interest Commencement Date" refers to the date from which interest is calculated on a financial instrument, marking the start of the period for interest accumulation and payment by the borrower, ensuring that the interest calculation starts at the agreed time.
Definition of "Interest Commencement Date" as the agreed-upon day when interest begins to accrue on a loan, initiating the borrower’s duty to pay interest based on the terms of the loan agreement
"Interest Commencement Date" refers to the agreed-upon day when interest begins to accrue on a loan, initiating the borrower’s duty to pay interest based on the terms of the loan agreement, establishing a clear start date for interest payments.
Definition of "Interest Commencement Date" as the moment when the borrower's obligation to pay interest on a loan or debt starts, triggering the calculation and payment of interest
"Interest Commencement Date" refers to the moment when the borrower's obligation to pay interest on a loan or debt starts, triggering the calculation and payment of interest, ensuring a clear understanding of the financial terms and obligations.
Definition of "Interest Commencement Date" as the starting point for interest accrual, signaling the beginning of the borrower’s responsibility to make interest payments as stipulated in the loan agreement
"Interest Commencement Date" refers to the starting point for interest accrual, signaling the beginning of the borrower’s responsibility to make interest payments as stipulated in the loan agreement, ensuring both parties are aware of when payments should begin.
Definition of "Interest Commencement Date" as the date at which the interest accrual process begins, marking the start of the borrower's obligation to pay interest on the amount owed
"Interest Commencement Date" refers to the date at which the interest accrual process begins, marking the start of the borrower's obligation to pay interest on the amount owed, ensuring that interest payments are tracked and due starting from this date.
Definition of "Interest Commencement Date" as the official date when the borrower's obligation to pay interest becomes active, initiating the period for calculating interest on the outstanding balance
"Interest Commencement Date" refers to the official date when the borrower's obligation to pay interest becomes active, initiating the period for calculating interest on the outstanding balance, ensuring the start of the payment schedule is understood.
Definition of "Interest Commencement Date" as the moment when interest begins to apply to a loan or debt, determining the start of the borrower’s obligation to pay interest over the term of the agreement
"Interest Commencement Date" refers to the moment when interest begins to apply to a loan or debt, determining the start of the borrower’s obligation to pay interest over the term of the agreement, ensuring the timeline for interest payments is clearly defined.
Definition of "Interest Commencement Date" as the date from which interest starts accruing on an outstanding balance, marking the beginning of the borrower’s responsibility to make periodic interest payments
"Interest Commencement Date" refers to the date from which interest starts accruing on an outstanding balance, marking the beginning of the borrower’s responsibility to make periodic interest payments, ensuring that both parties are aligned on payment schedules.
Definition of "Interest Commencement Date" as the agreed date on which interest begins to accrue on a financial obligation, marking the official start of the borrower’s financial responsibility for interest payments
"Interest Commencement Date" refers to the agreed date on which interest begins to accrue on a financial obligation, marking the official start of the borrower’s financial responsibility for interest payments, helping both parties track the start of interest accumulation.
Definition of "Interest Commencement Date" as the specific date when interest accrues on a debt or financial instrument, marking the start of the borrower’s duty to fulfill interest obligations
"Interest Commencement Date" refers to the specific date when interest accrues on a debt or financial instrument, marking the start of the borrower’s duty to fulfill interest obligations, ensuring that the interest payment schedule is clear.
Definition of "Interest Commencement Date" as the moment when interest becomes due on a financial obligation, signaling the start of the borrower’s responsibility to pay interest on the principal
"Interest Commencement Date" refers to the moment when interest becomes due on a financial obligation, signaling the start of the borrower’s responsibility to pay interest on the principal, clarifying the financial duties moving forward.
Definition of "Interest Commencement Date" as the first day on which interest begins to be calculated on a loan, triggering the borrower’s liability for interest payments
"Interest Commencement Date" refers to the first day on which interest begins to be calculated on a loan, triggering the borrower’s liability for interest payments, helping both parties know when the financial obligation begins.
Definition of "Interest Commencement Date" as the agreed-upon date when interest charges begin to accrue on a loan, establishing a timeline for the borrower to make interest payments
"Interest Commencement Date" refers to the agreed-upon date when interest charges begin to accrue on a loan, establishing a timeline for the borrower to make interest payments, ensuring that both parties are aware of the start of the interest period.
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.