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Applied or nominal interest rate |
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Applied or nominal interest rateThe rate used to calculate the interest due.Applied or nominal interest rate Similar MatchesReversionary interestReversionary interestThe right to receive the property held in a trust at some future date. For instance, a person might establish a trust containing £200,000 of shares which pays all income to his spouse until her death, and then when the spouse dies splits the capital equally between their children. In such a case, the children have a reversionary interest in the share portfolio. Mortgage interest deductionMortgage interest deductionA federal tax deduction for interest paid on a mortgage used to acquire, construct, or improve a residence. Matured noninterest bearing debtMatured noninterest bearing debtOutstanding savings bonds and notes that have reached final maturity and no longer earn interest. Includes all Series A-D, F, G, 1, J, and K bonds. Series E bonds (issued between May 1941 and November 1965), Series EE (issued since January 1980), Series H (issued from June 1952 through December 1979), and savings notes issued between May 1967 and October 1970 have a final maturity of 30 years. Series HH bonds (issued since January 1980) mature after 20 years. Daily interestDaily interestInterest on the homeloan is calculated and applied on a daily rather than a monthly or yearly basis. Can lead to big savings. Interest receivableInterest receivableAn accounting term which refers to the amount of income a company receives in the form of interest payments on its cash. The figure for interest receivable can be found in the balance sheet. Its flip side is 'interest payable' - the amount a company pays on its borrowings. Further SuggestionsInterestOrdinary interest Interest in Arrears Nominal interest rate Interest Real interest rate Interest rate parity line (IRP) Interest only strip (IO) Interest equalization tax stepped interest debenture stocks True interest cost Interest accrual rate Party in interest Deferred interest mortgage Net interest cost (NIC) Effective annual interest rate Earnings before interest after taxes (EBIAT) Unearned interest Uncovered interest parity Consumer interest Imputed interest Export financing interest Interest rate interest Term structure of interest rates |
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