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.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). exact interest. Retrieved September 22, 2026, from http://smartdefine.org/exact_interest/definitions/1153304 |
| Chicago | Barry Goldsmith. 2010. "exact interest" http://smartdefine.org/exact_interest/definitions/1153304 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, exact interest, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/exact_interest/definitions/1153304>. |
| MLA | Barry Goldsmith. "exact interest" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/exact_interest/definitions/1153304> |