GLOSSARY

Daily periodic rate Debit card Debt Debt Collector Debt Consolidation Debt-to-income ratio Debtor Default Default APR Deferred payment Delinquency Delinquency assessment Discharge Dispute Double-billing cycle Down payment Due date
GLOSSARY TERMS by Alpha
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Daily periodic rate

The cost of credit measured as a daily amount. The daily periodic rate is calculated by dividing the annual percentage rate by 365.

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