simple interest

Interest paid on the principal only and not on accumulated interest.

• Interest accrues only on the principal balance regardless of how often interest is paid.

— Also termed straight-line interest. Cf. compound interest. [Cases: Interest 60. C.J.S. Interest and Usury; Consumer Credit§§ 6, 71.]

---

词条贡献者

译者黎川，毕业于世界顶级翻译学院，擅长翻译各种与专利与技术诉讼相关的法律文件。