Effective Interest Rate

Business, Legal & 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.



Synonyms For Effective Interest Rate


yield rate

Cite Term


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https://payrollheaven.com/define/effective-interest-rate/
Modern Language Association (MLA):
Effective Interest Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 04, 2020 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: July 04, 2020).
American Psychological Association (APA):
Effective Interest Rate. PayrollHeaven.com. Retrieved July 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/effective-interest-rate/

Definition Sources


Definitions for Effective Interest Rate 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: 10th January, 2020 | 2 Views.