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 ?
Gross interest income was widely expected to continue to decline for the second consecutive quarter on the back of lower Saibor rates and stagnant advances compared to the previous quarter.
With Pacific's withdrawal, InterOil's gross interest in PRL 39 will increase from 87.
Compared with the first quarter 2014, however, the gross interest received and gross interest paid during the first quarter of 2015 decreased by 0.
uk, the market-leading children's account is the Halifax Kids' Regular Saver account, which pays 6 per cent gross interest a year.
0x of gross interest expenses and the company's strategy shifts away from the toll road business.
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.
Portugal levies a 20% withholding tax on the gross interest paid by Portuguese borrowers to foreign lenders.
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.