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Definition: Adjusted Rate

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The adjusted rate is calculated by determining the weight of each rate used in the bill and then multiplying the weight by the rate and summing up the tiers.

Example  

Billable Value = $1,000,000

100,000/1,000,000 = .10 x .0025 = .00025

The first $100,000 is billed at a rate of .25%

900,000/1,000,000 = .90 x .001875 = .001688

The rest is billed at a rate of .1875%

.00025 + .001688 = .001938 = .19% is the Adjusted Rate

The adjusted rate is included after the billing allocation section if your Statement Display Options are set to Summary.