Interest Due

Interest Due

The amount of interest, expressed in dollars, computed by multiplying the loan balance at the end of the preceding period times the annual interest rate divided by the interest accrual period.

On a monthly accrual mortgage, interest due is computed by multiplying the loan balance at the end of the preceding month times the annual interest rate divided by 12. Interest due is the same as the interest payment except when the scheduled mortgage payment is less than the interest due, in which case the difference is added to the balance and constitutes negative amortization.

References in classic literature ?
Pullet's departure, informing her that she needn't trouble her mind about her five hundred pounds, for it should be paid back to her in the course of the next month at farthest, together with the interest due thereon until the time of payment.
Ferrari, and looked at her again, with the interest due to the victim of a shock.
9) on the amount of interest due, The employer will be informed in writing and by e-mail to the following address: Skarbnik@lacko.pl within 7 days before the due date, With interest on the loan becoming payable on the last day of each interest period; 10) interest due to the loan installment not paid on t
While those stocks which have positive impact emanating from high parity failed to grab investors' interest due to weak macroeconomic fundamentals.
The bank took one month after June 30, end of the promotion period, to credit the interest due to my account.
Turbat University's Law department had started preparatory classes for LLB year 5 students but the students seemto be losing interest due to the HEC's failure to conduct the LAT.
Taberna IX has been in acceleration since November 2015 after interest due on timely classes was unpaid, which triggered an event of default.
In the current era, Islamic banking is very important for any financial institution and especially in the agricultural sector where farmers feel hesitant to take loans on interest due to which the importance of Islamic banking has increased .
announced that on August 1, 2018, Overland Storage, Inc., a wholly-owned subsidiary of the Company, together with Tandberg Data GmbH, as co-borrowers under that certain Credit Agreement dated as of April 6, 2016, with CB CA SPV, LLC, as lender, failed to make a required payment of interest due on such date.
To calculate the interest charge on an MIR, the annual interest rate is divided by 12, then multiplied by the balance at the end of the preceding month to obtain the interest due for the month.
In conjunction, the holders who validly tendered and did not validly withdraw their notes prior to the expiration date are entitled to receive cash equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase, subject to the rights of holders of notes on the relevant record date to receive interest due on the relevant interest payment date, which is equivalent to USD1,015.58 per USD1,000 principal amount of notes tendered.
DOHA: Telecom major Ooredoo on Thursday announced that its wholly-owned subsidiary Ooredoo International Finance Limited will pay interest of $20.9 million to its Global Term Medium Note (GMTN) bond holders on January 31, 2018.Ooredoo International will also repay $11.25 million to holders of $500 million bonds with a 4.5 percent interest due January 31, 2043, according to the company's statement posted on Qatar Stock Exchange (QSE) website.