- exact interest
- /ɪgˌzækt 'ɪntrəst/ nounan annual interest calculated on the basis of 365 days (as opposed to ordinary interest, calculated on 360 days)
Dictionary of banking and finance. 2015.
Dictionary of banking and finance. 2015.
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. Bloomberg… … Financial and business terms
Interest — In ter*est, n. [OF. interest, F. int[ e]r[^e]t, fr. L. interest it interests, is of interest, fr. interesse to be between, to be difference, to be importance; inter between + esse to be; cf. LL. interesse usury. See {Essence}.] [1913 Webster] 1.… … The Collaborative International Dictionary of English
Interest — Interest † Catholic Encyclopedia ► Interest Notion of interest Interest is a value exacted or promised over and above the restitution of a borrowed capital. ♦ Moratory interest, that is interest due as an indemnity or a… … Catholic encyclopedia
Exact sciences (The) in Hellenistic times: texts and issues — The exact sciences in Hellenistic times: Texts and issues1 Alan C.Bowen Modern scholars often rely on the history of Greco Latin science2 as a backdrop and support for interpreting past philosophical thought. Their warrant is the practice… … History of philosophy
interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… … Black's law dictionary
interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… … Black's law dictionary
ordinary interest — interest based on a 360 day year instead of a 365 day year, resulting in what can be a significant difference. Bloomberg Financial Dictionary * * * ordinary interest ordinary interest ➔ interest * * * ordinary interest UK US noun [U] FINANCE ►… … Financial and business terms
Interest rate — Finance Financial markets Bond market … Wikipedia
interest — /in teuhr ist, trist/, n. 1. the feeling of a person whose attention, concern, or curiosity is particularly engaged by something: She has a great interest in the poetry of Donne. 2. something that concerns, involves, draws the attention of, or… … Universalium
interest — /ˈɪntrəst / (say intruhst), / tərəst/ (say tuhruhst) noun 1. the feeling of someone whose attention or curiosity is particularly engaged by something: to have great interest in a subject. 2. a particular feeling of this kind: a woman of varied… …