Indiana legal term
Rate in Indiana Criminal Law
Current through 2026 Indiana legislative session
In Indiana criminal law, “Rate” is a term defined by statute rather than by its everyday meaning. Its statutory definition — quoted verbatim below — controls how the term is applied throughout the Indiana criminal code.
What does “Rate” mean in Indiana criminal law?
"Rate" means the monetary value of the consideration received per annum or due per annum, calculated according to the actuarial method on the unpaid balance of the principal. (Ind. Code § 35-45-7-1)
Statutes defining or using this term
Related terms in the same statutes
This reference is informational and is not legal advice.