Define: Effective Interest Rate

UK Accounting Glossary

Definition: Effective Interest Rate


Quick Summary of Effective Interest Rate


The rate that exactly discounts estimated future cash payments or receipts through the expected life of the financial instrument.




What is the dictionary definition of Effective Interest Rate?

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Full Definition of Effective Interest Rate



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https://payrollheaven.com/define/effective-interest-rate/
Modern Language Association (MLA):
Effective Interest Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 16, 2019 https://payrollheaven.com/define/effective-interest-rate/.
Chicago Manual of Style (CMS):
Effective Interest Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/effective-interest-rate/ (accessed: November 16, 2019).
American Psychological Association (APA):
Effective Interest Rate. PayrollHeaven.com. Retrieved November 16, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/effective-interest-rate/

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This glossary post was last updated: 23rd December 2018.