Stated annual interest rate


 

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Stated annual interest rate

The interest rate expressed as a per year percentage, by which interest payments are determined. See: Annual percentage rate.



Stated annual interest rate

Similar Matches

Interest Cap

Interest Cap

The maximum interest rate increase of an Adjustable Mortgage Loan. For example: a 120% loan with a 5% interest rate cap would have maximum interest for the life of the loan which would not exceed 17%.


Stepped interest debenture stocks

Stepped interest debenture stocks

A debenture stock where the rate of interest payable to lenders is increased in stages over the initial life until a certain rate is reached. Thereafter, the rate remains fixed until the redemption date. This type of debenture is advantageous to an investment trust in that interest payments will be lower than the norm in the initial years (whilst the trust consolidates its growth) and above the norm in the later years (when it will be expected that the trust's assets can afford the extra interest).


Real interest rate

Real interest rate

The rate of interest excluding the effect of expected inflation; that is, the rate that is earned in terms of constant-purchasing-power dollars. Interest rate expressed in terms of real goods, i.e. nominal interest rate adjusted for expected inflation.


Mortgage interest deduction

Mortgage interest deduction

A federal tax deduction for interest paid on a mortgage used to acquire, construct, or improve a residence.


Interest accrual rate

Interest accrual rate

The rate at which interest accrues on a mortgage.


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