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Simple interest

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simple interest

 
Use Simple interest in a Sentence
–noun
interest payable only on the principal; interest that is not compounded.
Origin:
1790–1800
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To Simple interest
4.25% Mortgage
Apply For Goverment Mortgage Refinance. 4.57% APR
www.FHA.com/Refinance
Loan Calculator - free
Our loan calculator does the math! Plus news, advice and 900+ lenders.
Bankrate.com/Calculators
simple interest  
n.  Interest paid only on the original principal, not on the interest accrued.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

simple interest

The interest that is paid on an initial investment only. Simple interest is calculated multiplying the investment principal times the annual rate of interest times the number of years involved. Compare compound interest.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: simple interest
see INTEREST 5
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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