Term 1: 27 January (school teachers start) to 24 March *. Term 2: 11 April to 24 June. Term 3: 11 July to 16 September. Term 4: 3 October to 20 December. * The first day of Term 1 is a student-free day in all government schools to allow for appropriate planning to take place for the arrival of students.erm 2: 18 April to 30 June. Term 3: 17 July to 22 September. Term 4: 9 October to 22 December. * The first day of Term 1 is a student-free day in all government schools to allow for appropriate planning to take place for the arrival of students.
A commitment fee is a charge that a lender imposes on a borrower as compensation for keeping a line of credit open. This fee represents the lender's promise to adhere to the agreed-upon terms of the loan, such as specific dates of availability and rates of interest, regardless of financial market conditions. A commitment fee is often confused with the interest rates charged on a loan; however, they are different. A commitment fee is charged on future or unused credit while interest is charged on loan amounts that have already been disbursed to the borrower.
A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customer's current cash flow needs. Often referred to as revolver..