Discount interest
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Discount interest is any interest that is calculated on the face amount of a loan but is paid in advance.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Discount interest. Interest that is calculated on the face amount of a loan but is paid in advance.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
