Define: Abstinence Theory of Interest

UK Accounting Glossary

Definition: Abstinence Theory of Interest



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Full Definition of Abstinence Theory of Interest


Abstinence Theory of Interest asserts that the money used for lending purposes is the money not used for consumption – which means, earning interest by abstaining from spending makes the funds possible and available for borrowers.


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Abstinence Theory of Interest. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 31, 2020 https://payrollheaven.com/define/abstinence-theory-of-interest/.
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Abstinence Theory of Interest. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/abstinence-theory-of-interest/ (accessed: March 31, 2020).
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Abstinence Theory of Interest. PayrollHeaven.com. Retrieved March 31, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/abstinence-theory-of-interest/

Definition Sources


Definitions for Abstinence Theory of Interest are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th March 2020.