The interest rate shown on the face of a debt instrument. As the face interest rate may be misleading, the Truth in Lending Act requires lenders to disclose the annual percentage rate which includes the face interest rate and other costs and expenses.
Related information about face interest rate:
- face interest rate - Financial Dictionary - The Free Dictionary
The interest rate listed on a loan agreement. The face interest rate may bear little relation to the interest actually paid because the face rate does not indicate ...
- Face Interest Rate: Definition from Answers.com
Percentage interest that is shown on the bond or the loan document. The effective rate is a more meaningful yield figure.
- What is face interest rate? definition and meaning
Definition of face interest rate: The interest rate shown on the face of a debt instrument. As the face interest rate may be misleading, the Truth in Lending Act ...
- face interest rate Definition | Business Dictionaries from AllBusiness ...
Example: A mortgage has a 6% face interest rate, $100,000 face value , and 30- year amortization term. If market interest rates are 8%, the market value of the ...
- BBC News - More banks face interest rate rigging investigation
Jun 27, 2012 ... More banks are under investigation after Barclays was fined £290m for trying to manipulate the interest rates at which banks lend to each other.
- Bonds Payable | AccountingCoach.com
face interest rate; nominal interest rate; coupon interest rate; contractual interest rate. Throughout our explanation of bonds payable we will use the term stated ...
- Idaho's Payday Lenders Could Face Interest Rate Cap | StateImpact ...
Feb 16, 2012 ... Idaho lawmakers are considering a bill to cap how much interest payday lenders can charge borrowers. Many payday loan stores charge ...
- Nonprofit Groups Face Interest-Rate Spike - Philanthropy Today ...
Nonprofit Groups Face Interest-Rate Spike. March 28, 2008, 1:08 pm. Nonprofit groups are beginning to feel the effects of credit-market turmoil in an explosion of ...