Cumulative Interest


Also found in: Dictionary.

Cumulative Interest

The sum of all interest payments to date or over the life of the loan.

This is not a good measure of the cost of credit to the borrower because it does not include upfront cash payments and it is not adjusted for the time value of money. See Interest Cost.

References in periodicals archive ?
The aggregate of annual or cumulative interest coupon and the redemption amount receivable by the investor, as applicable, discounted over time divided by such net invested amount leads to the TARR.
The cumulative interest paid over the 10 years would be a little over $1 million, as illustrated in column 4.
The debt can be rescheduled over 1,000 years, with the addition of the cumulative interest during that period.
If an asset retirement obligation exists, the company must recognize amounts on the balance sheet for the liability adjusted for cumulative interest, the asset retirement cost, and accumulated depreciation.
Had interest rates in fiscal 1998 remained at the fiscal 1990 level, cumulative interest income during the period would have reached 113 trillion yen, Masubuchi said.
Various people received bills for cumulative interest since 1900.
In general, it is advisable to refinance a mortgage if interest rates are lower than the present mortgage interest rate and the homeowner intends to stay in the home for a sufficient amount of time for the cumulative interest savings (discounted at an appropriate after-tax opportunity cost) to exceed the additional costs of refinancing.
The deterioration in the net portfolio position was masked in part by the decision to forgive Egypt's military sales debt and the accounting treatment that credited cumulative interest arrears as paid in the fourth quarter.
As of December 2012, there are cumulative interest shortfalls in the amount of $46 million currently affecting classes A-J through S.
But because STI was never paid with shares in Unlad, the STI has charged cumulative interest on top of the P550million principal debt owed by the Benitez family.
As of August 31, 2012, the cumulative interest on RULS owing to KEV's shareholders stood at MYR 619.
The expected subordinated debt is rated two notches below the bank's national long-term rating AAA(idn), given the instrument's cumulative interest deferral conditions, Fitch said.
Full browser ?