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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

simple interest

n
(Banking & Finance) interest calculated or paid on the principal alone. Compare compound interest
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

sim′ple in′terest


n.
interest payable only on the principal and not compounded.
[1790–1800]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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?"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

simple interest

n (Fin) → interesse m semplice
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
References in periodicals archive ?
City of Madison that a leased fee interest values the property based on the actual lease encumbering the property, while a fee simple interest assumes market rent rather than actual rent.
Target: Fee simple interest in Beverly Hills, California, US-based class A office building
FINANCIAL DICTIONARY: SIMPLE INTEREST SIMPLE interest ignores the effects of compounding, so in other words it does not include "interest on interest".
According to the company, the notes are for a two-year term and accrue interest at a 5% simple interest rate, which is payable at the end of the term or upon conversion.
The latest element of the battle involved whether the Islamic Republic must pay McKesson compound or just simple interest for seizing Pak.
At issue was whether title insurers of two mortgagees would pay out the value of two fraudulent mortgages, or whether the title registration system's assurance fund would compensate the holder of the fee simple interest for mortgages that, because of fraud, had been registered against the fee simple interest.
The simple interest rate was 9.66 percent and the composite interest rate was 10.01 percent.
The Appeals Court's ruling reversed a 2009 Superior Court action that set simple interest payments on the abutters' land taking.
The dollar in the Old World bank paying 5 percent simple interest would be worth $26 today.
Sportech claims it has over-paid pounds 40m in VAT on its Spot the Ball game and has submitted an appeal: "Simple interest would likely be applied to a successful claim, bringing the total sum to circa pounds 80m."
Currently, when a business has overpaid VAT, HM Revenue & Customs will only pay simple interest for the period that it has been incorrectly holding it.
The base automatically grows 6% simple interest annually up to 10 years if no withdrawals are taken.

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