This would stimulate private and corporate demand through lower finance charges.
Their credit card debt came to $22,228, including $380 in monthly finance charges.
If you can manage an extra and hefty $500 a month, the finance charge is cut to $147,463.56.
This is the interest rate used to figure the finance charge on your balance each billing period.
This is the number of days you have to pay your bill before finance charges start.
Total revenues, including finance charges, increased 7.1 percent, to $3.16 billion.
But it is not a credit card, so there are no finance charges.
If the bill is settled by the due date, there are no finance charges.
The move will exempt the company from state limits on finance charges for consumer credit.
It is a finance charge expressed as an annual rate.
But it also had higher financing costs of $877 million, against $485 million the year before.
Higher financing costs will force lawmakers to make deeper budget cuts, or issue more bonds.
It is traditional to include the financing cost in such levelised calculations.
Merrill officials said they did not believe the downgradings would have a significant effect on the firm's financing costs.
Quietly stick up your prices to pay for the extra financing cost.
"As the Treasury finances short term, its financing costs are more variable," he said.
Analysts said the threat of higher financing costs pushed many fence-sitters into the market.
An adverse reaction to the data would send interest rates higher and push up the Treasury's financing costs.
Lower rates would also cut corporate financing costs and thus push earnings higher.
Banking groups said they viewed the proposal primarily as an increase in their financing costs.