Exchange Currency

exact interest

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 conventions.

Related information about exact interest:
  1. What is exact interest? definition and meaning - InvestorWords.com
    Definition of exact interest: Interest as calculated on a 365-day-a-year basis, as opposed to interest calculated on a 360-day basis. Different kinds of lending ...
     
  2. Exact Interest - Financial Dictionary - The Free Dictionary
    Interest 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 ...
     
  3. What Is Exact Interest?
    Sep 11, 2012 ... Exact interest is a process of calculating the interest on a debt based on a 365- day year. This is in contrast to other types of...
     
  4. 10-A, Exact Interest - YouTube
    Aug 6, 2008 ... 10-A, Exact Interest. NPCCAR. Subscribe Subscribed Unsubscribe. Loading icon Loading... 68 videos. Loading... Alert icon. You need Adobe ...
     
  5. exact interest - Invest Definition
    exact interest definition: Interest paid by a financial institution that is calculated on a 365-days-per-year basis. This contrasts with ordinary interest, which is ...
     
  6. What is exact interest? - BusinessDictionary.com
    Definition of exact interest: Interest computed on the basis of a 365-day year. In comparison, ordinary interest is computed on a 360-day year.
     
  7. Exact Interest: Definition from Answers.com
    interest paid by a bank or other financial institution and calculated on a 365-days- per-year basis, as opposed to a 360-day basis, called ordinary interest.
     
  8. Whats the difference between exact interest and ordinary difference ...
    With the increased use of computers for banking calculations, isnt the ordinary method really just a dinosaur in today's highly automated business processes?