Exact interest


 

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Exact interest

Interest paid based on the basis of a 365-day/year schedule by a bank or other financial institution as opposed to a 360-day basis (ordinary interest). Difference can be material when large principal sums of money are involved.



Exact interest

Similar Matches

Short interest

Short interest

Total number of shares of a security that investors have sold short and that have not been repurchased to close out the short position. Usually, investors sell short to profit from price declines. As a result, the short interest is often an indicator of the amount of pessimism in the market about a particular security, although there are other reasons to short that are not related to pessimism. For example, hedging strategies for mergers and acquisition as well as derivative positions may involve short sales.


Best interests of creditors test

Best interests of creditors test

The requirement that a claim holder voting against a plan of reorganization must receive at least as much as if the debtor were liquidated.


Interest tax shield

Interest tax shield

The reduction in income taxes that results from the tax-deductibility of interest payments.


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Interest only loan

A loan in which payment of principal is deferred and interest payments are the only current obligation.


Consumer interest

Consumer interest

Interest paid on consumer loans; e.g., interest on credit cards and retail purchases.


Further Suggestions

Rate of interest
Compound interest
Covered Interest Rate Parity
And interest
Covered interest arbitrage
Lessees Interest
Earnings before interest and, taxes (EBIT)
Deferred interest mortgage
Net interest cost (NIC)
insurable interest
Interest rate
Interest on interest
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Incidence of interest calculation
Interest rate floor
Interest Cap
Matured noninterest bearing debt
interest only mortgage
interest receivable
Interest only mortgages
Real interest rate
Unearned interest
Market interest rate
Compound interest


 
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