simple interest

simple interest

n.

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

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simple interest

n

(Economics, Accounting & Finance / Banking & Finance) interest calculated or paid on the principal alone Compare compound interest

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simple interest

Interest computed only on the original principal and not on the sum of the principal plus accrued interest. The amount of simple interest remains constant. Compare compound interest.

Thesaurus

Noun

1.

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

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simple interest n (Fin) → interesse m semplice