Ordinary interest
Interest based on a 360-day year instead of a 365-day year, resulting in what can be a significant difference.
Ordinary shares ...
Ordinary Interest - Simple interest based on a year of 360 days, contrasting with exact interest having a base year of 365 days.
The income derived from the regular operating activities of a firm or individual.
Ordinary interest
Interest based on a 360-day year instead of a 365-day year, resulting in what can be a significant difference.
Ordinary shares ...
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.
[ Previous Page ] ...
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.
Reported correctly, the dealership must include ordinary interest in its taxable income rather than applying all the payments as an offset to notes receivable.
Reported As A Sale.
(What You May Find On The Dealership Books) ...
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.
ordinary interest The interest, as calculated on a 360-day-a-year basis. ordinary loss Any form of loss other than a capital loss. org chart A graphical representation depicting the hierarchy of authority within a firm,...
 See also: Expense, Federal reserve board, Operating profit, Contracting, Operating costs
  
|
RSS
