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Exact Interest |
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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. Exact Interest Interest that is calculated and therefore repaid on the basis of a 365-day year (that is, an actual year), as opposed to a 360-day year, which is used in some calculations. While this is only a small difference in calculation, the difference in amount can be large, especially with large debt transactions. See also: Ordinary interest. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Indeed, even though Congress has twice formally reiterated its intention that netting procedures be developed (in 1990 and 1994), the IRS has argued in court (in the Northern States Power case) both that netting is not required and that the Code's interest differential even permits the government to exact interest payments from a taxpayer who at all times is a net creditor of the government. Using Eloqua's analytical capabilities, Inner Circle was able to generate meaningful reports that highlighted prospective clients and their exact interest in the property for sales follow-up, while the Lodge at Lincoln Peak sales team received weekly reports detailing the online activity of past reservation holders. Since a portion of this acquisition is subject to a preferential purchase right held by another major oil and gas company, it is uncertain at this time as to the exact interest that the Company will acquire in this transaction. |
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