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Interest Rate Parity - Interest rate parity is the name given to a theory that proposes that the interest rate difference between two countries' currencies is equal to the percentage difference between the forward exchange rate and the spot exchange rate. If S is the spot exchange rate (the price of the foreign currency in local currency for immediate delivery), ...

Accrued interest - In finance, accrued interest is the interest that has accumulated since the principal investment, or since the previous interest payment if there has been one already. For a financial instrument such as a bond, interest is calculated and paid in set intervals.

Interest-only loan - An interest-only loan is a loan in which for a set term the borrower pays only the interest on the capital; the capital remains owing. At the end of the term the borrower may renew the interest-only mortgage, repay the capital, or (with some lenders) convert the loan to a principal and interest payment loan at his option.

Effective interest rate - In contrast to a nominal interest rate, the period of time after that the interest is credited coincides with the basic time unit (normally one year). Thus, given an interest rate of i, an initial capital is increased by the factor (1+i) after each time unit.

Suggested Web Sites

Florida Public Interest Research Group - Speaks up for the public interest against the special interest, on issues in the news and below the surface.

Central Peel Secondary School - Provides information of general interest to the public, specific interest to our students parents, curricular and extra-curricular interest to our student population and specific interest to our staff.

Decision Modeling InterestNet - Performs restricted interest computations and global netted interest computations for federal interest obligations.

Source: BazSites.com

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