Interest Accrual Rate

Concept of Interest Accrual Rate in the context of Real Property

A short definition of Interest Accrual Rate: The percentage rate at which interest accrues based on the terms of the note. Example: A fixed rate loan of 6% per year would have an accrual rate of 6%. An adjustable rate loan would have an accrual rate based on the formula for determining interest.

Concept of Interest Accrual Rate in the context of Real Property

A short definition of Interest Accrual Rate: The percentage rate at which interest accrues based on the terms of the note. Example: A fixed rate loan of 6% per year would have an accrual rate of 6%. An adjustable rate loan would have an accrual rate based on the formula for determining interest.