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Simple English definitions for legal terms

stated interest rate

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A quick definition of stated interest rate:

Stated interest rate: This is the interest rate that is advertised or stated by a lender or financial institution. It is also known as the nominal rate. This rate does not take into account any additional fees or charges that may be associated with the loan or investment. It is important to understand the stated interest rate when comparing different loan or investment options.

A more thorough explanation:

STATED INTEREST RATE

The stated interest rate is the rate of interest that is advertised or agreed upon by the borrower and lender. It is also known as the nominal rate under interest rate.

Example 1: A bank offers a personal loan with a stated interest rate of 5%. This means that the borrower will have to pay 5% interest on the loan amount.

Example 2: A credit card company advertises a card with a stated interest rate of 18%. This means that if the cardholder carries a balance, they will be charged 18% interest on that balance.

The stated interest rate is the rate that is advertised or agreed upon by the borrower and lender. It is important to note that this rate may not be the same as the actual interest rate that the borrower ends up paying. This is because there may be additional fees or charges that are added to the loan or credit card balance. The examples illustrate how the stated interest rate is used in different financial products such as personal loans and credit cards.

State Department | stated meeting

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
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
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