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:
- 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 ...
- 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 ...
- 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...
- 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 ...
- 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 ...
- 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.
- 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.
- 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?