Exact interest

EXACT INTEREST - Interest paid based on the basis of a 365-day/year schedule by a bank or other financi...
EXACT MATCHING - A bond portfolio management strategy that involves finding the lowest cost portfolio g...

Exact Interest
A financial institution's interest payments in which the interest is calculated on a 365 day basis as opposed to a 360 day basis. The difference--the ratio is 1.

Exact interest
General Collateral Financing Trades - GCF
Grading Certificate
Parallel shift in the yield curve
Payments netting ...

exact interest
interest paid by a bank or other financial institution and calculated on a 365-days-per-year basis, as opposed to a 360-day basis, called ordinary interest. The difference-the ratio is 1.

the best rates in town
The problem with shopping for a credit card is that you only know the exact interest rate once you open the account, which is pretty much the equivalent of buying a car without knowing its price.

Ordinary Interest - Simple interest based on a year of 360 days, contrasting with exact interest having a base year of 365 days.

Describes a stock sale in which the buyer is not entitled to the warrant accompanying the stock.
Exact interest ...

exact interest The interest as calculated on a 365-day-a-year basis, as opposed to interest... exante return The expected return of a portfolio, calculated from a proportional weighting...

See also: Expense, Extraordinary item, External funds, Ex-rights date, Export-import bank