Simple interest

Simple interest
Interest In"ter*est, n. [OF. interest, F. int['e]r[^e]t, fr. L. interest it interests, is of interest, fr. interesse to be between, to be difference, to be importance; inter between + esse to be; cf. LL. interesse usury. See {Essence}.] [1913 Webster] 1. Excitement of feeling, whether pleasant or painful, accompanying special attention to some object; concern; a desire to learn more about a topic or engage often in an activity. [1913 Webster +PJC]

Note: Interest expresses mental excitement of various kinds and degrees. It may be intellectual, or sympathetic and emotional, or merely personal; as, an interest in philosophical research; an interest in human suffering; the interest which an avaricious man takes in money getting. [1913 Webster]

So much interest have I in thy sorrow. --Shak. [1913 Webster]

2. (Finance, Commerce) Participation in advantage, profit, and responsibility; share; portion; part; as, an interest in a brewery; he has parted with his interest in the stocks. [1913 Webster]

3. Advantage, personal or general; good, regarded as a selfish benefit; profit; benefit. [1913 Webster]

Divisions hinder the common interest and public good. --Sir W. Temple. [1913 Webster]

When interest calls of all her sneaking train. --Pope. [1913 Webster]

4. (Finance) A fee paid for the use of money; a fee paid for a loan; -- usually reckoned as a percentage; as, interest at five per cent per annum on ten thousand dollars. [1913 Webster]

They have told their money, and let out Their coin upon large interest. --Shak. [1913 Webster]

5. Any excess of advantage over and above an exact equivalent for what is given or rendered. [1913 Webster]

You shall have your desires with interest. --Shak. [1913 Webster]

6. The persons interested in any particular business or measure, taken collectively; as, the iron interest; the cotton interest. [1913 Webster]

{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. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

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Look at other dictionaries:

  • simple interest — interest calculated as a simple percentage of the original principal amount. Compare to compound interest. Bloomberg Financial Dictionary * * * simple interest simple interest ➔ interest * * *    The cost of borrowing, or the return on lending… …   Financial and business terms

  • Simple interest — Interest calculated only on the initial investment. Related:compound interest. The New York Times Financial Glossary * * * simple interest simple interest ➔ interest * * *    The cost of borrowing, or the return on lending money. It is calculated …   Financial and business terms

  • Simple interest — Simple Sim ple, a. [Compar. {Simpler}; superl. {Simplest}.] [F., fr. L. simplus, or simplex, gen. simplicis. The first part of the Latin words is probably akin to E. same, and the sense, one, one and the same; cf. L. semel once, singuli one to… …   The Collaborative International Dictionary of English

  • simple interest — see interest 5 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • simple interest — n [U] ↑interest that is calculated on the sum of money that you first ↑invested, and does not include the interest it has already earned →↑compound interest …   Dictionary of contemporary English

  • simple interest — n. interest computed on principal alone, and not on principal plus interest: cf. COMPOUND INTEREST …   English World dictionary

  • simple interest — noun uncount BUSINESS interest earned on money you have invested, calculated once a year on the PRINCIPAL (=the amount of money originally invested) ─ compare COMPOUND INTEREST …   Usage of the words and phrases in modern English

  • simple interest — noun interest paid on the principal alone • Hypernyms: ↑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… …   Useful english dictionary

  • Simple Interest — 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. Where: P is the loan amount I is the interest rate N is the duration of the… …   Investment dictionary

  • simple interest — N UNCOUNT Simple interest is interest that is calculated on an original sum of money and not also on interest which has previously been added to the sum …   English dictionary

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