Interest-bearing accounts add money to the consumer or business account balance The interest-bearing account definition is an account at a bank or credit union that earns interest over a specified amount of time. To define interest, consider it as money paid to the account based on the account...
Oftentimes, one of the first things you should do to get your personal finances in order is to set up an interest bearing account, like asavings account. This type of account is way safer than putting your cash under the mattress and earns more interest than achecking account. If your fin...
Define interest-bearing. interest-bearing synonyms, interest-bearing pronunciation, interest-bearing translation, English dictionary definition of interest-bearing. or adj finance paying interest Collins English Dictionary – Complete and Unabridged, 12t
A quick way to get a rough understanding of how long it will take for an interest-bearing account to double is to use the so-calledrule of 72. Simply divide the number 72 by the applicable interest rate. At 4% interest, for instance, and you’ll double your investment in around 18 y...
You can also earn interest in the form of a yield on interest-bearing accounts, such as savings accounts. Interest is the price you pay to borrow money or the return earned on savings and investments. For borrowers, interest is most often reflected as an annual percentage of the amount of...
The real rate of return on an interest-bearing account is the nominal interest rate MINUS the rate of inflation. The stated interest rate is just the “nominal” rate, meaning “in name only” – i.e., not the REAL rate being earned. ...
INTEREST REVENUE means revenue credited to a separate, interest bearing bank account referred to in Article 9.2 and to which Project funds are deposited as a result of the interest rate paid by the financial institution for the respective deposit account. For the avoidance of doubt, revenue credit...
pay in addition to the original loan amount (principal) when you borrow money, or a reward you earn for allowing a bank or other financial institution to use your money when you deposit funds into an interest-bearing account — a savings account or certificate of deposit (CD), for...
Define Interest-Bearing Debt/EBITDA Ratio. means, at any time, with respect to Saputo, the ratio calculated on a consolidated basis of (i) the Interest-Bearing Debt at such time, net of cash and of Cash Equivalent (to the extent Saputo has discretionary
bearing liabilities of a business that accumulate over time, such as vacation pay owed to employees. This liability is different than accounts payable, which is the liability account for bills that have been received by a business from purchases on credit. ...