- 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.
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. 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… …
