Simple interest definition

Simple interest means interest computed on the principal balance outstanding
Simple interest means interest at 1 or more rates per annum determined by the retirement board.
Simple interest means interest at 1 or more rates per

Examples of Simple interest in a sentence

  • Simple interest shall be assessed at the Current Value of Funds Rate as established by the Secretary of the Treasury.

  • Simple interest on claims shall be paid at the rate, fixed by the Secretary of the Treasury as provided in the Act, which is applicable to the period during which the Contracting Officer receives the claim and then at the rate applicable for each 6-month period as fixed by the Treasury Secretary during the pendency of the claim.

  • Simple interest will be calculated at the lower of the Interest Index or six (6) percent per annum.

  • Simple interest shall be paid at the Average Bank Rate plus 3 % per year on any amount which is overdue.

  • Simple interest on deposits at a rate established annually by the Maryland Public Service Commission shall be applied annually as a credit to the Customer's account and so indicated on the January bill.


More Definitions of Simple interest

Simple interest means further amounts of Capital Grant added to a payment of Capital Grant in compensation to a Registered Provider for delays in payment of the principal Capital Grant. The further amounts of Capital Grant are calculated in the manner of interest accruing according to the length of delay in payment.
Simple interest is defined as a rate of interest applied to the aggregate amount of the Program Grants. This Section 6.4 does not apply to convictions of any subsidiary or affiliate entity of Grantee, by any franchisees of Grantee, or by a person or entity with whom Grantee contracts. Notwithstanding anything to the contrary herein, this Section 6.4 shall survive the expiration or termination of this Agreement.
Simple interest means the product of the following three factors: (a) dollar amount on which an interest payment is based; (b) Federal Funds Effective Rate; and (c) the number of days in the calculation period divided by 360.
Simple interest means a method of calculating interest in which the amount of interest is calculated based on the annual interest rate disclosed in the loan agreement and is computed only on the outstanding principal balance of the loan.
Simple interest means that the interest is determined by multiplying the investment amount by the interest rate by the number of years. i.e. The interest is not compounded.
Simple interest means an amount calculated by the Calculation Agent equal to the amount of interest that would accrue on the Implied Embedded Option Value during the period from (and including) the Implied Embedded Option Value Determination Date to (and including) the Final Calculation Date calculated on the basis that such interest were payable by the Floating Rate Payer under an interest rate swap transaction incorporating the 2006 ISDA Definitions under which:
Simple interest means interest computed on the principal balance outstanding immediately prior to a payment for the actual number of days between payments made on a loan over the life of a loan;