Economic Accrual Of Interest

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Definition: Economic Accrual Of Interest

Economic Accrual Of Interest
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Full Definition of Economic Accrual Of Interest

A method of determining the true cost of indebtedness by applying a uniform rate of interest on the unpaid balance of loan over the complete term of the loan based on the loan amount and the repayment schedule established in the loan agreement.

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https://payrollheaven.com/define/economic-accrual-of-interest/
Modern Language Association (MLA):
Economic Accrual Of Interest. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/economic-accrual-of-interest/.
Chicago Manual of Style (CMS):
Economic Accrual Of Interest. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/economic-accrual-of-interest/ (accessed: April 19, 2024).
American Psychological Association (APA):
Economic Accrual Of Interest. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/economic-accrual-of-interest/

Definition Sources

Definitions for Economic Accrual 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 November, 2021 | 0 Views.