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LSDefine

Simple English definitions for legal terms

effective rate

Read a random definition: Rome Act

A quick definition of effective rate:

Effective rate refers to the interest rate that is actually paid or earned on a loan or investment. It takes into account any fees or charges associated with the loan or investment, giving a more accurate representation of the true cost or return. Essentially, it is the rate that reflects the total cost or benefit of the loan or investment.

A more thorough explanation:

The effective rate is the same as the interest rate. It is the percentage of interest that is charged on a loan or earned on an investment over a period of time.

If you borrow $1,000 at an interest rate of 5% per year, the effective rate is also 5%. This means that you will pay $50 in interest over the course of one year.

Another example is if you invest $1,000 in a savings account that pays 2% interest per year. The effective rate is also 2%, which means that you will earn $20 in interest over the course of one year.

These examples illustrate that the effective rate is the same as the interest rate and is used to calculate the amount of interest paid or earned over a period of time.

effective possession | effective tax rate

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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