Weighted Average Interest Rate [Business Credit and Assistance] Law and Legal Definition
According to 13 CFR 120.1700 [Title 13 -- Business Credit and Assistance; Chapter I -- Small Business Administration; Part 120 -- Business Loans; Subpart J--Establishment of SBA Secondary Market Guarantee Program for First Lien Position 504 Loan Pools], the dollar-weighted average interest rate of a Pool Certificate is “calculated by multiplying the interest rate of each Loan Interest in the Pool by the ratio of that Loan Interest's current outstanding principal in the SBA-guaranteed portion of the Pool (that is, the portion of the Pool Loan backing the Pool Certificates) to the current aggregate or outstanding principal of each Loan Interest in the SBA-guaranteed portion of the Pool, and adding the sum of the resulting products. The Pool Certificate interest rate will fluctuate over the life of the Pool as defaults, prepayments and normal repayments applicable to Loan Interests in the Pool occur.”
Legal Definition list
- Weighted Average Interest Rate [Business Credit and Assistance]
- Weighted Average Dumping Margin
- Weighted Application
- Weight of the Overload
- Weight of Evidence
- Weighted Average Maturity
- Weighted Average Maturity of a Pool Certificate [Business Credit and Assistance]
- Weights and Measures
- Weingarten Rights
- Welfare Agency
- Welfare Assistance
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