HomeSite MapCompareFinanceDebtCasino Applied or nominal interest rateThe mortgage definition for Applied or nominal interest rate:The rate used to calculate the interest due. Similar MatchesAdd on interestAdd on interestThe interest a borrower pays on the principal for the duration of the loan. Compound interestCompound interestThe interest paid on the principal balance in a mortgage and on the accrued and unpaid interest of the loan. Daily interestDaily interestInterest on the homeloan is calculated and applied on a daily rather than a monthly or yearly basis. Can lead to big savings. Further SuggestionsDeferred interest mortgageIncidence of interest calculation Interest accrual rate Interest only mortgages Interim interest Variable interest rate Click to compare definitions of Applied or nominal interest rate Click to view definitions beginning ap |