Join our investing community

Per Week

Discussion in 'Investing Glossary' started by Glossary, 28th Sep, 2006.

  1. Glossary

    Glossary Active Member

    Joined:
    12th Sep, 2006
    Posts:
    25
    Definition:

    Weekly, every 7 days.

    Typically, rent in Australia is expressed in weekly terms, eg. $260pw, means you pay $260 every 7 days (usually in advance).

    However, rent payments are often required fortnightly in advance: $520 per fortnight, or monthly, which would usually be calculated as $260*52/12 = $1,126.67 per month ... or perhaps would be renegotiated as a monthly figure as agreed by both parties.