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ordinary interest

Interest as calculated on a 360-day-a-year basis.

Related information about ordinary interest:
  1. Calculating Ordinary Interest
    1. Calculating Ordinary Interest. Two ways for calculating Ordinary interest. 1) By formula. 2) By 6% for 60 days method. If the number of days is given, the days ...
     
  2. Ordinary Interest: Definition from Answers.com
    Ordinary Interest Interest computed on a 360-day year, using 12 months of 30 days, instead of a 365-day year.
     
  3. What is ordinary interest? definition and meaning - InvestorWords.com
    Definition of ordinary interest: Interest as calculated on a 360-day-a-year basis.
     
  4. What is ordinary interest? - BusinessDictionary.com
    Definition of ordinary interest: Interest computed on the basis of a 360-day year. In comparison, exact interest is computed on a 365-day year.
     
  5. Ordinary Interest - Financial Dictionary - The Free Dictionary
    Interest based on a 360-day year instead of a 365-day year, resulting in what can be a significant difference. Ordinary Interest. Interest that is calculated and ...
     
  6. ordinary interest - Invest Definition
    ordinary interest definition: Interest that is based on a 360-day year instead of a 365-day year. In contrast, exact interest is based on a 365-day year. If large sums ...
     
  7. ordinary interest Definition | Business Dictionaries from AllBusiness ...
    simple interest based on a 360-day year rather than on a 365-day year (the latter is called exact interest). The difference between the two bases when ...
     
  8. Ordinary interest Definition - NASDAQ.com
    Ordinary interest : read the definition of Ordinary interest and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.