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The American Heritage Dictionary of Business Terms » exact interest
exact interest
exact interest definition - business
exact interest
Interest calculated on the basis of a 365-day year as opposed to a 360-day year. Compare ordinary interest.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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exact interest definition - finance
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