Definition of Simple interest. Meaning of Simple interest. Synonyms of Simple interest
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Definition of Simple interest
Simple interest 2. Participation in advantage, profit, and responsibility;
share; portion; part; as, an interest in a brewery; he has
parted with his interest in the stocks.
3. Advantage, personal or general; good, regarded as a
selfish benefit; profit; benefit.
Divisions hinder the common interest and public
good. --Sir W.
Temple.
When interest calls of all her sneaking train.
--Pope.
4. Premium paid for the use of money, -- usually reckoned as
a percentage; as, interest at five per cent per annum on
ten thousand dollars.
They have told their money, and let out Their coin
upon large interest. --Shak.
5. Any excess of advantage over and above an exact equivalent
for what is given or rendered.
You shall have your desires with interest. --Shak.
6. The persons interested in any particular business or
measure, taken collectively; as, the iron interest; the
cotton interest.
Compound interest, interest, not only on the original
principal, but also on unpaid interest from the time it
fell due.
Simple interest, interest on the principal sum without
interest on overdue interest.
Simple interest 12. (Min.) Homogenous.
13. (Zo["o]l.) Consisting of a single individual or zooid;
as, a simple ascidian; -- opposed to compound.
Simple contract (Law), any contract, whether verbal or
written, which is not of record or under seal. --J. W.
Smith. --Chitty.
Simple equation (Alg.), an eqyation containing but one
unknown quantity, and that quantity only in the first
degree.
Simple eye (Zo["o]l.), an eye having a single lens; --
opposed to compound eye.
Simple interest. See under Interest.
Simple larceny. (Law) See under Larceny.
Simple obligation (Rom. Law), an obligation which does not
depend for its execution upon any event provided for by
the parties, or is not to become void on the happening of
any such event. --Burrill.
Syn: Single; uncompounded; unmingled; unmixed; mere;
uncombined; elementary; plain; artless; sincere;
harmless; undesigning; frank; open; unaffected;
inartificial; unadorned; credulous; silly; foolish;
shallow; unwise.
Usage: Simple, Silly. One who is simple is sincere,
unaffected, and inexperienced in duplicity, -- hence
liable to be duped. A silly person is one who is
ignorant or weak and also self-confident; hence, one
who shows in speech and act a lack of good sense.
Simplicity is incompatible with duplicity, artfulness,
or vanity, while silliness is consistent with all
three. Simplicity denotes lack of knowledge or of
guile; silliness denotes want of judgment or right
purpose, a defect of character as well as of
education.
I am a simple woman, much too weak To oppose
your cunning. --Shak.
He is the companion of the silliest people in
their most silly pleasure; he is ready for every
impertinent entertainment and diversion. --Law.
- effect of compounding. Simpleinterest can be applied over a time periodother than a year, for example, every month. Simpleinterest is calculated according... - of debts from a borrower. Compoundinterest is contrasted with simpleinterest, wherepreviously ac****ulated interest is not added to the prin****l amount... - years (or a fraction of year), and r stands for the per annuminterest rate. Simpleinterest is rarely used, as compounding is considered more meaningful... - fee simple or fee simpleabsolute is an estate in land, a form of freehold ownership. A "fee" is a vested, inheritable, presentpossessoryinterest in... - interest-ac****ulation protocols, the ac****ulation function is as follows (with i denoting the interest rate and d denoting the discount rate): simple... - United States: The nominal APR is the simple-interest rate (for a year). The effective APR is the fee+compound interest rate (calculated across a year). In... - cost factoragainst an equivalentsimpleinterest cost factor 1+se where se=ret and re is the equivalentsimpleinterest rate: s 1 − e − s = 1 + s e {\displaystyle... - that borrowers pay the same interestcharges over the life of a loan as they would with a loan that uses the simpleinterest method. But because of some... - should not be confused with simpleinterest (as opposed to compoundinterest) which is not compounded. The effectiveinterest rate is always calculated... - } where F = forward rate S = spot rate rd = simpleinterest rate of the term currency rf = simpleinterest rate of the base currency T = tenor (calculated...
