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.