See Also: Exact interest(finance)
Exact interest(money)
exact(1)(dictionary)
exact(2)(dictionary)
Exact Match(law)
exact 2, verb(dictionary)
exact 1, adjective(dictionary)
Exact matching(finance)
Exact matching(money)
fisher's exact test(medicine)

Exact interest (money)


Definition: [crh] Interest paid based on the basis of a 365-day/year schedule by a bank or other financial_institution as opposed to a 360-dayDefinition: basis (ordinary interest). Difference can be material when large principal sums of money are involved.