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penalty rates
(redirected from penalty rate)

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penalty rates
pl n
(Business / Commerce) Austral and NZ rates of pay, such as double time, paid to employees working outside normal working hours


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Because interest rates are already rising, you can''t afford to lock in at a credit penalty rate.
A LOWER FEE PENALTY RATE If you think the arrangement fees on the deals above are a bit too steep then The Royal Bank of Scotland has a lifetime variable rate deal of 6.
Factors include the complexity of the penalty rate formulas, the possibility of successful auctions, issuer refunding or self-bidding, relief provided by the underwriter or distributor and the potential outcome of litigation or regulation.
 
 
 
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