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simple interest

noun
1.
interest payable only on the principal; interest that is not compounded.
Origin
1790-1800
1790-1800
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for simple interest
  • The subordinate loan interest rate is calculated as simple interest per annum.
  • Sale or transfer of real property means the change of ownership of a fee simple interest in real property by any method.
  • Interest charged is simple interest at the rate in effect at the time the debt becomes overdue.
  • simple interest from the end of each calendar year at a rate set by the public employees retirement board shall be included.
  • Loans are for one year only with simple interest accruing on the amount of funds drawn down during the construction.
British Dictionary definitions for simple interest

simple interest

noun
1.
interest calculated or paid on the principal alone Compare compound interest
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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simple interest in Science
simple interest  
Interest computed only on the original principal and not on the sum of the principal plus accrued interest. The amount of simple interest remains constant. Compare compound interest.
The American Heritage® Science Dictionary
Copyright © 2002. Published by Houghton Mifflin. All rights reserved.
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