simple interest


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Related to simple interest: compound interest

simple interest

n.
Interest paid only on the original principal, not on the interest accrued.

simple interest

n
(Banking & Finance) interest calculated or paid on the principal alone. Compare compound interest

sim′ple in′terest


n.
interest payable only on the principal and not compounded.
[1790–1800]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.simple interest - interest paid on the principal alone
interest - a fixed charge for borrowing money; usually a percentage of the amount borrowed; "how much interest do you pay on your mortgage?"
Translations

simple interest

n (Fin) → interesse m semplice
References in periodicals archive ?
There are no fees and no penalties -- just one low rate at simple interest.
The project consists of a single property improved with a commercial building and a residential building from which the City will acquire the fee simple interest.
Last Tuesday, an appeals court in Washington reversed the decision to grant compound interest and sent the decision back to the lower court to recalculate the award based on simple interest.
At the last repo held on Friday, the central bank has sold TRY5bn at an average simple interest rate of seven percent.
Mr Holly said: "This has been a festering sore as simple interest does not give an adequate measure of the commercial cost to a business of not having the money involved available to use.
Michaels announced that Carlton has arranged the approximate $500 million sale of the fee simple interests on two Manhattan trophies, the Lipstick Building and 292 Madison Avenue.
In figuring out simple interest, the bank would take 10 percent of $1,000, or $100, and add it to your grandparents' account each year.
This is called simple interest and many bank loans work like this.
Assume an equity club holds the fee simple interest in the real property (i.
simple interest on a daily method, compound interest, etc.
Any value above the value of the fee simple interest in the real property is by definition a nonrealty interest and is made up of either personal property or intangible property.
Judge Prinsloo encountered that the farmers were overcharged interest on their agricultural loan accounts instead of simple interest by the Land Bank.

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