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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 1 term

Flat rate interest

Market basics
Also called: Flat rate

Interest computed on the original amount borrowed for the whole tenure, regardless of how much principal has already been repaid.

In plain terms

Rent on rooms you have already handed back. For a fully repaid term loan a flat rate is close to double itself once converted to a reducing basis — before fees.

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Indian stock market glossary · Market Vidyalaya