Penalty Interest Rate: Canada Debt .ca defines Penalty Interest Rate

Bankruptcy Term Penalty Interest Rate

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Canada Debt has the definition to the bankruptcy and debt term Penalty Interest Rate. Finding answers to terms such as Penalty Interest Rate can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Penalty Interest Rate in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Penalty Interest Rate' is used as follows:

The rate at which penalty charges are calculated. It only applies to charge cards.