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Rest (finance)

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This is an old revision of this page, as edited by Marcocapelle (talk | contribs) at 13:33, 3 June 2016 (removed Category:Financial terminology; added Category:Loans using HotCat). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Rest is a financial terminology, describing the frequency in which an outstanding loan amount is being calculated.[1] Usually the more frequently the outstanding amount is calculated the less the total interest over the entire duration of the loan will be. [2]

References

  1. ^ "Home Loans With Different Rests: Creating Their Amortisation Schedule", iCompareLoan.
  2. ^ Know Your Interest: A Guide to Loans and Investment, by TSE, Yiu Kuen, 1997.
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