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Definition
| a quick method of calculating the interest charge on a loan. simple interest is determined by multiplying the interest rate by the principal by the number of periods |
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Definition
| interest paid on both the principal and on accrued interest |
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Definition
| a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest |
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Definition
| Producing interst that is exempt from income tax |
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Definition
| refers to instances where a taxpayer can delay paying taxes to some future period |
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Definition
| is a normalized representation of an interest rate based on a compounding period of one year |
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Definition
| a time deposit, a financial product commonly offeres to consumers in the United States by bank, thrift institutions, and credit unions |
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Definition
| A registered, non-callable, non-transferable bond issued by the U.S. Government and backed by its full faith and credit |
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