simple interest

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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