noun
: interest paid or computed on the original principal only of a loan or on the amount of an account often on the assumption that each day is 1/360of a year — compare compound interest
noun
: interest paid or computed on the original principal only of a loan or on the amount of an account often on the assumption that each day is 1/360of a year — compare compound interest
Webster's New International English Dictionary. Новый международный словарь английского языка Webster. 2012