Ordinary interest

Ordinary interest

Interest based on a 360-day year instead of a 365-day year, resulting in what can be a significant difference.

Ordinary Interest

Interest that is calculated and therefore repaid on the basis of a 360-day year as opposed to a full 365-day year. While this is only a small difference in calculation, the difference in amount can be large, especially with large debt transactions. See also: Exact interest.
References in classic literature ?
I had long since learnt to understand, composedly and as a matter of course, that my situation in life was considered a guarantee against any of my female pupils feeling more than the most ordinary interest in me, and that I was admitted among beautiful and captivating women much as a harmless domestic animal is admitted among them.
Nothing in her face betrayed any more than the most ordinary interest in what he was saying.
It was, therefore, with more than ordinary pleasure that he rose to greet them when they again entered; and with more than ordinary interest that he inquired what had occurred to detain them from his society.
He said that all credit for extra ordinary interest and seriousness on part of British authorities for Pakistan goes to Prime Minister Mohammad Nawaz Sharif and Chief Minister Mohammad Shahbaz Sharif who had rendered robust efforts to transfer fruit of development and progress to unprivileged class.
Ordinary interest on the Debentures will be paid at a rate of 1.
The notes will be senior, unsecured obligations of the Company, will not bear ordinary interest and the principal amount of the notes will not accrete.
Net Investment Income includes ordinary interest, dividends, capital gains and passive income.
Accordingly, the ETN allows the taxpayer to defer the recognition of income until the disposition of the contract and eliminates the ordinary interest income factor associated with normal debt and notional principal contracts.
Although the political aims of terrorism (and other forms of policy-motivated resistance) clearly resemble those of ordinary interest groups in their efforts to draw attention to specific policy issues, the two methods of political action differ significantly in their normative properties.
Augustine First Implementing tiered rate Belleair, Clearwater, National IOTA accounts paying Indian Rocks, Largo, Bank of premium rates based on Plam Harbor, Florida account balance North Dunedin, Seminole First Union Paying slightly higher Statewide Bank of rates on IOTA accounts Florida than ordinary interest checking accounts, and for absorbing service charges in excess of interest earned Florida Implementing tiered rate Gainesville, Bank, N.
The bank will set its ordinary interest rate at an annual 0.
Adler writes about six juries that served at trials of more than ordinary interest.