- perpetual rate
- A rate for public utility service fixed as for all time, displacing the power of the municipality to fix reasonable rates. Mobile Electric Co. v Mobile, 201 Ala 607, 79 So 39.
Ballentine's law dictionary. Anderson, W.S.. 1998.
perpetual rate
Look at other dictionaries:
Perpetual Insurance — is a type of homeowners insurance policy written to have no term, or date, when the policy expires. From the effective start date, the coverage exists for perpetuity. The insured deposits money, called a deposit premium, with the insurer for… … Wikipedia
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perpetual annuity — The receipt or payment of a constant annual amount in perpetuity. Although the word annuity refers to an annual sum, in practice the constant sum may be for periods of less than a year. The present value of an annuity is obtained from the formula … Big dictionary of business and management
perpetual FRN — A floating rate note that is never redeemed. See also flip flop FRN … Big dictionary of business and management
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