simple interest

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Related to simple interest: compound interest

simple interest

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

(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

interest payable only on the principal and not compounded.

[1790–1800]

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Noun

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

interesse semplice semplice

simple interest

n (Fin) → interesse m semplice

Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995

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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.

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FINANCIAL DICTIONARY: SIMPLE INTEREST SIMPLE interest ignores the effects of compounding, so in other words it does not include "interest on interest".

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The latest element of the battle involved whether the Islamic Republic must pay McKesson compound or just simple interest for seizing Pak.

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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.

Finding nemo dat in the Land Title Act: a comment on Gill v. Bucholtz

The simple interest rate was 9.66 percent and the composite interest rate was 10.01 percent.

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The Appeals Court's ruling reversed a 2009 Superior Court action that set simple interest payments on the abutters' land taking.

Eminent-domain dispute could be costly to abutters; Appeals Court ruling could compound interest owed

The dollar in the Old World bank paying 5 percent simple interest would be worth $26 today.

The miracle of tax-deferred compound interest

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."

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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.

Firms face lengthy battles to claw back interest on VAT refunds

The base automatically grows 6% simple interest annually up to 10 years if no withdrawals are taken.