simple interest

noun

Definition of simple interest

  1. :  interest paid or computed on the original principal only of a loan or on the amount of an account

First Known Use of simple interest

1798


SIMPLE INTEREST Defined for English Language Learners

simple interest

noun

Definition of simple interest for English Language Learners

  • finance : interest paid only on the original amount of money and not on the interest it has already earned


Law Dictionary

simple interest

  1. see interest 5

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