Interest

Interest

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 money is the interest. The interest rate is a measure of the rental fee for money in terms of a percentage over some period. At 10 percent interest for a year, someone who borrows $100 is obligated to pay $110 back at the end of one year.

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Part of Speech: noun
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Industry/Domain: Computer; Software
Category: Software engineering
Organization: IEEE Computer Society
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Related terms

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

interest

Earth science; Mapping science

The income that capital earns.

requirements derivation

Computer; Software; Software engineering

(1) In a hierarchical structure, the next lower level that is associated with a given element. The lower element is said to be derived from the higher element. (2) In system ...

detailed design phase

Computer; Software; Software engineering

The software development lifecycle phase during which the detailed design process takes place, using the software system design and software architecture from the previous phase ...

risk factor

Computer; Software; Software engineering

A potential problem that would be detrimental to a planned activity, project, or program, characterized by the probability of problem occurrence (0 _ p _ 1) and a potential loss ...

optimization analysis

Computer; Software; Software engineering

A form of decision analysis that balances competing components to achieve the best performance. Software’s classic space-time trade-off is an example of optimization; an algorithm ...

software cost-estimation model

Computer; Software; Software engineering

Any one of several quantitative methods of estimating the expected cost (and some times schedule) of a software project. Quantitative techniques are generally based on empirically ...

detailed design description

Computer; Software; Software engineering

A document that describes the exact detailed configuration of a computer program. It identifies the input, output, control logic, algorithms, and data structure of each individual ...

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Industry/Domain: Law enforcement Category: Crime & punishment

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