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.
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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?" |
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Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995