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.

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The unknown: What sort of credit score you need to get approved, as well as exact interest rates.

Analysis: The good, bad and the unknown of Apple's new services -BYLN- By BARBARA ORTUTAY AP Technology Writer

People don't understand that the APRs advertised for loans are not the exact interest rate that everyone will receive.

The trouble with loan 'teaser' rates

ADB Country Director Samiuela Tukuafu declined to answer questions yesterday about the exact interest rates of the loans, but noted that they were all concessional, which generally means they are more favourable for the borrower than a market-rate loan.

ADB signs $180M in loans to Cambodia

The exact interest rates will not be known until the program is up and running in mid-2016, but a typical project financed today has a 20-year, fixed rate loan at 4.8%.

Business Owners Have New Options for Refinancing Commercial Real Estate

The South African firm did not specify the exact interest acquired in PCL, but said it was a considerable controlling stake.

Bidvest Group buys controlling stakes in Gruppo Dac, PCL 24/7

"It is not only an issue of deposits and loans as we don't know exact interest rates banks are charging.

Banks flush with cash

The exact interest rates Greece would face depend on how much money it chooses to take up, and how it is paid out - all at once, or in instalments.

Ailing economy forces Greece to seek bailout

Draw up a list of everything you owe on plastic, overdrafts and loans - plus the exact interest rates.

RECORD money: DEBT ON WITH IT; There is no time to waste if you are seeking to pay off festive bills

It is important to determine their exact interest. Are they attending the show with the purpose of researching the market for a boss?

Trade shows: people

Notwithstanding these express concerns, the IRS failed to develop any netting rules and even argued in court (in the Northern States Power case) that the Code's interest differential permits the government to exact interest payments from a taxpayer who at all times is a net creditor of the government.

Significant problems encountered by corporate taxpayers: comments submitted to IRS Taxpayer Advocate

While the exact interest rate is set by the lending institution, the SBA requires lenders to follow strict guidelines in the maximum rate that can assessed.

5 questions before applying for an SBA loan

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.