External
Both an accommodation payment and an accommodation contribution can be paid as a refundable deposit (lump sum), a daily payment or a combination of both:
- Accommodation Payment:
- Refundable Accommodation Deposit (RAD), Daily Accommodation Payment (DAP), or both;
- Accommodation Contribution:
- Refundable Accommodation Contribution (RAC), Daily Accommodation Contribution (DAC) or both.
The relationship between the refundable lump sum and the daily payment is:
Equivalent daily payment = (refundable deposit × maximum permissible interest rate)/365