Meaning Exact interest
What does Exact interest mean? Here you find 4 meanings of the word Exact interest. You can also add a definition of Exact interest yourself
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Exact interestInterest paid based on the basis of a 365-day/year schedule by a bank or other financial-institution as opposed to a 360-day basis (ordinary interest). Difference can be material when large principal [..]
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Exact interestDefinition Interest as calculated on a 365-day-a-year basis, as opposed to interest calculated on a 360-day basis. Different kinds of lending arrangements and securities make use of different interest [..]
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Exact interestExact interest is the method of calculating interest expense that's based on a 365-day year. Some debts accrue interest for 360 days each year, while others accrue 365 days of interest annually. [..]
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Exact interestInterest paid based on the basis of a 365-day/year schedule by a bank or other financial_institution as opposed to a 360-day basis (ordinary interest). Difference can be material when large principal [..]
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| << Ex Works | Ordinary interest >> |
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