Definition of "Ordinary interest"

Pat Lins real estate agent
Pat Lins, Real Estate Agent Coldwell Banker Residential Real Estate - St Petersburg NE

Interest based on a 360-day year instead of a 365-day year. The former is referred to as simple interest and the latter is termed exact interest. The difference between the two types of interest can be significant when a substantial investment is involved.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Real Estate Terms

Popular Real Estate Questions