HomeDefinitionsCompareDebt Exact interestThe financial definition for Exact interest:Interest paid based on the basis of a 365-day/year schedule by a bank or other financial institution as opposed to a 360-day basis (ordinary interest). Difference can be material when large principal sums of money are involved. Similar MatchesAmortizing interest rate swapAmortizing interest rate swapSwap in which the principal or notional amount rises (falls) as interest rates rise (decline). And interestAnd interestAn indication that the buyer will receive accrued interest in addition to the price quoted for a bond. Any interest dateAny interest dateA call provision in a municipal bond indenture that establishes the right of redemption for the issuer on any interest payment due date. Further SuggestionsAssumed interest rateBest interests of creditors test Capitalized interest Cash flow after interest and taxes Compound interest Consumer interest Covered interest arbitrage Click to compare definitions of Exact interest Click to view definitions beginning ex |