Definitions for "Short Rate"
Keywords:  rata, anniversary, cancels, refund, pro
A method of calculating the amount of premium refunded on a hazard insurance policy cancelled between anniversary dates.
An amount less than Pro Rata.
when an insured cancels an insurance policy, unearned premium is returned on a short rate basis with a charge deducted for administration cost.
The additional charge incurred when an advertiser fails to use enough media space to earn the contract discount envisaged at the time of the original order.
An additional charge an advertiser must pay at the end of a full year if he has not fulfilled his contract.
the additional cost an advertiser must pay a publication when the contracted number of ads are not run; usually the difference between the contracted rate and the actual earned rate.
Keywords:  period, rate
Same as Short period rate.