simple interest

NOUN
  1. interest paid on the principal alone
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How To Use simple interest In A Sentence

  • The lender would then sue and only be entitled to simple interest on the judgment.
  • Equity awarded simple interest at a time when courts of law had no right under common law or statute to award any interest.
  • Bankers charged simple interest, with interest capitalised at intervals.
  • Gone are the days of a simple interest-bearing account. Times, Sunday Times
  • They gave her simple interest on it and they absolved her of her liability for the occupation rent.
  • The interest rolls up in the units you buy, so you actually get capital gain on your units rather than simple interest.
  • Usual Inland Revenue practice is to refund overpaid tax, plus a repayment supplement at simple interest rates for the last six tax years.
  • There is an important distinction between compound interest and simple interest.
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