Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
EXACT INTEREST Definition & Legal Meaning
Definition & Citations:
365-day year is the basis of this computed Interest. Contrast to a 360- day year used to compute ordinary interest.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.