Meaning EXACT INTEREST: 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 can be material when large principal sums of money are involved
More terms such as Exact interest in Dictionary E.
- Definition Earn-Out:
- Examples additional payment in a merger or acquisition that is not part of the original acquisition cost, which is based on the acquired company's future earnings relative to a level determined by the exact interest definition.
- Definition European Association Of Securities Dealers Automated Quotation (EASDAQ):
- Examples European equivalent of NASDAQS exact interest explain.
- Definition Equity Collar:
- Examples The simultaneous purchase of an equity floor and sale of an equity cap exact interest what is.
- Definition Exercise Notice:
- Examples A broker's notification a client want to exercise a right to buy or sell (depending on the type of contract) the underlying security of the option contract exact interest meaning.
- Definition Erosion:
- Examples A negative impact on one or more of a firm's existing assets exact interest abbreviation.
