simple interest

simple interest
noun
interest paid on the principal alone
Hypernyms: ↑interest

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noun
: interest paid or computed on the original principal only of a loan or on the amount of an account often on the assumption that each day is 1/360of a year — compare compound interest

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interest payable only on the principal; interest that is not compounded.
[1790-1800]

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simple interest see under ↑simple
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Main Entry:interest
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simple interest noun
Interest calculated on the principal only
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Main Entry:simple

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simple interest UK US noun [uncountable] business
interest earned on money that you have invested, calculated once a year on the principal (=the amount of money originally invested)
Thesaurus: investing and investmentshyponym to invest moneysynonym

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simple interest,
interest that is paid only on the principal of a loan, mortgage, or other obligation and not on accrued interest.

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noun [noncount]
finance : interest paid only on the original amount of money and not on the interest it has already earned — compare compound interest

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ˌsimple ˈinterest [simple interest] noun uncountable (finance)
interest that is paid only on the original amount of money that you invested, and not on any interest that it has earned

Useful english dictionary. 2012.

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Look at other dictionaries:

  • simple interest — interest calculated as a simple percentage of the original principal amount. Compare to compound interest. Bloomberg Financial Dictionary * * * simple interest simple interest ➔ interest * * *    The cost of borrowing, or the return on lending… …   Financial and business terms

  • Simple interest — Interest calculated only on the initial investment. Related:compound interest. The New York Times Financial Glossary * * * simple interest simple interest ➔ interest * * *    The cost of borrowing, or the return on lending money. It is calculated …   Financial and business terms

  • Simple interest — Simple Sim ple, a. [Compar. {Simpler}; superl. {Simplest}.] [F., fr. L. simplus, or simplex, gen. simplicis. The first part of the Latin words is probably akin to E. same, and the sense, one, one and the same; cf. L. semel once, singuli one to… …   The Collaborative International Dictionary of English

  • Simple interest — Interest In ter*est, n. [OF. interest, F. int[ e]r[^e]t, fr. L. interest it interests, is of interest, fr. interesse to be between, to be difference, to be importance; inter between + esse to be; cf. LL. interesse usury. See {Essence}.] [1913… …   The Collaborative International Dictionary of English

  • simple interest — see interest 5 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • simple interest — n [U] ↑interest that is calculated on the sum of money that you first ↑invested, and does not include the interest it has already earned →↑compound interest …   Dictionary of contemporary English

  • simple interest — n. interest computed on principal alone, and not on principal plus interest: cf. COMPOUND INTEREST …   English World dictionary

  • simple interest — noun uncount BUSINESS interest earned on money you have invested, calculated once a year on the PRINCIPAL (=the amount of money originally invested) ─ compare COMPOUND INTEREST …   Usage of the words and phrases in modern English

  • Simple Interest — A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate by the principal by the number of periods. Where: P is the loan amount I is the interest rate N is the duration of the… …   Investment dictionary

  • simple interest — N UNCOUNT Simple interest is interest that is calculated on an original sum of money and not also on interest which has previously been added to the sum …   English dictionary

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