Default interest

Default interest

The rate of interest charged on an overdue debt, from the date of default to the date of eventual settlement.

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Part of Speech: noun
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Industry/Domain: Banking
Category: Investment banking
Company: UBS
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Related terms

default interest

Banking; Investment banking

The rate of interest charged on an overdue debt, from the date of default to the date of eventual settlement.

interest

Banking; Investment banking

Remuneration paid on capital that has been borrowed. Normally refers to monetary capital, but can also be used in the case of physical capital (rent). See also interest rate, ...

interest

Economy; Economics

The cost of borrowing, which compensates lenders for the risk they take in making their money available to borrowers. Without interest there would be little lending and thus a lot ...

interest

Computer; Software; Software engineering

Literally, a fee for renting money. Someone who borrows money from another is usually obligated to return the original amount borrowed plus some additional money. That additional ...

interest

Economy; Economics

The return a saver receives in addition to the original amount she deposited, and the amount that a borrower must pay in addition to the original amount she deposited.

interest

Psychology; Psychiatry

A feeling or emotion that causes attention to focus on an object or an event or a process

dirty floating

Banking; Investment banking

Currency policy which in principle recognizes the free movement of exchange rates but where interventions are nonetheless made with some frequency in an attempt to influence the ...

economic viability

Banking; Investment banking

Credit system mainly used in property financing and defined as the burden on the borrower's income (expressed as a percentage) that the cost of a property will incur.

summary bill enforcement procedure

Banking; Investment banking

Especially rapid summary bankruptcy proceedings brought against bill and cheque debtors whose names are entered in the commercial register.

share index

Banking; Investment banking

Indicator showing changes in the average prices of shares or groups of shares on the stock market. In Switzerland the most commonly used equity price indices are the Swiss ...

benchmark

Banking; Investment banking

Reference parameter (e.g. a share index or an index portfolio) used to compare the performance of a portfolio. A benchmark that is an index is also called a reference index.

standing order

Banking; Investment banking

Payment product which enables the client to give an order to the bank to make regular payments for the same amount and execution date.

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Industry/Domain: Geography Category: Cities & towns

Tehran

Tehran (Persian: تهران‎ Tehrān), sometimes spelled Teheran, is the capital of Iran and Tehran Province. With an estimated population of 8,429,807; ...