Definitions for "DAILY INTEREST"
A method of interest calculation where the lender calculates the level of interest charged daily, based on the amount owed on that day.
Where interest on the loan is calculated and applied on a daily rather than a monthly or yearly basis.
The interest calculated on a minimum or average daily account balances; usually credited to the account once a month.
Keywords:  deadbolt, lock, debt
Deadbolt lock Debt