interest period

interest period
USA
Period of time chosen by a borrower under a loan agreement over which the floating interest rate, such as LIBOR, is fixed. Typically the interest periods are one, two, three or six months.
Related terms

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Interest period —   Period between interest start date and interest maturity date …   International financial encyclopaedia

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  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

  • Interest —     Interest     † Catholic Encyclopedia ► Interest     Notion of interest     Interest is a value exacted or promised over and above the restitution of a borrowed capital.     ♦ Moratory interest, that is interest due as an indemnity or a… …   Catholic encyclopedia

  • period — pe‧ri‧od [ˈpɪəriəd ǁ ˈpɪr ] noun [countable] a particular length of time: • She has been taken on for a 6 month trial period. acˈcounting ˌperiod ACCOUNTING a period of time to which a particular payment is related for accounting or tax purposes …   Financial and business terms

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