ordinary interest |
|
Definition
Interest computed on the basis of a 360-day year. In comparison, exact interest is computed on a 365-day year.
email to a friend
print this definition
cite this definition
link to this page
ordinary interest is in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.
ordinary interest appears in the definition of the following term: daycount
This content can be found on the following page:
http://www.businessdictionary.com/definition/ordinary-interest.html