Interest as calculated on a 360-day-a-year basis.
Related information about ordinary interest:
- 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 ...
- 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.
- What is ordinary interest? definition and meaning - InvestorWords.com
Definition of ordinary interest: Interest as calculated on a 360-day-a-year basis.
- 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.
- 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 ...
- 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 ...
- 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 ...
- 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.