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Interest in Arrears |
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Interest in ArrearsInterest that is due only at the maturity date rather than periodically over the life of the loan.Interest in Arrears Similar MatchesUnearned interestUnearned interestInterest that has been received on a loan, but that cannot be treated as a part of earnings yet, because the principal of the loan has not been outstanding long enough. Mortgage interest relief at sourceMortgage interest relief at sourceThe mechanism by which income tax relief was extended to a borrower on the interest paid on the first £30,000 of a mortgage on their main home.The system was known as MIRAS, and was operated by most building societies, banks and insurance companies, who would reduce the amount of interest eligible borrowers had to pay every month, and then claim the tax relief back from the Inland Revenue.The amount of relief available on MIRAS was gradually scaled down to 10% and ended altogether from 6th April 2000. Reversionary 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. Uncovered interest parityUncovered interest parityEquality of expected returns on otherwise comparable financial assets denominated in two currencies, without any cover against exchange risk. Uncovered interest parity requires approximately that i = i* + a where i is the domestic interest rate, i* the foreign interest rate, and a the expected appreciation of foreign currency at an annualized percentage rate. Short interestShort interestTotal 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. Further SuggestionsInterest rate floorinterest rate swap insurable interest Export financing interest Cash flow after interest and taxes bond interest yield Market interest rate Capitalized interest Risk Free Interest Rate Compound interest variable interest rate interest Interest rate parity line (IRP) Times interest earned ratio Lessees Interest interest payable permanent interest bearing shares Interest rate Open interest Noninterest bearing note Deferred interest mortgage Interest Cap Add on Interest Mortgage interest deduction And interest |
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