Gross interest

Gross interest

Interest earned before taxes are deducted.

Gross Interest

Interest one receives before accounting for taxes. For example, a bondholder receives interest payments on the bond periodically. The gross interest is the amount the bondholder receives from the issuer, and not what he/she keeps after paying taxes.
References in periodicals archive ?
uk, the market-leading children's account is the Halifax Kids' Regular Saver account, which pays 6 per cent gross interest a year.
Commenting on the results, Erwin Tjipuka, the group chief financial officer at FNB Holdings said "Despite a moderate growth in FNB's total assets with average year to date gross advances growth of 9% and interest rates reaching the lowest levels ever in an independent Namibia, FNB was able to increase its gross interest income by 15% to N$432 million (2009: N$376 million).
After sending in our tax return we were puzzled to receive a letter saying that the tax office knows we receive gross interest.
Interest is linked to the performance of the FTSE 100 index - Customers can earn 17% gross interest (5.
The results were based on the amount of gross interest payable on a pounds 50,000 interest-only mortgage.
You normally have to complete only one form for accounts held with the same bank, building society or local authority or when a new account is opened (though children have to register in their own right to continue getting gross interest after their 16th birthday).
Normally only one form for accounts held with the same bank, building society or local authority or when a new account is opened (though children have to register in their own right to continue getting gross interest after their 16th birthday).
It will pay 4 per cent gross interest until February 28, 2006, with one withdrawal allowed during the term, provided a minimum pounds 1000 balance is maintained.
The scheme offers supporters a 1% increase in gross interest rates for two months if Liverpool win the league or the FA Cup.
All the home loans have an early repayment fee of six months' gross interest if the mortgage is redeemed during the fixed or discounted rate period.
Application fees of pounds 295 are payable in each case and early-redemption charges of six months gross interest apply.
Its Postal 10 account pays five per cent gross interest on a minimum pounds 1,000 and 6.