Financial Definition of Gross Interest
Meaning of Gross Interest
Interest earned before taxes are deducted.
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Gross Interest in Historical Law
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What is Gross Interest?
A definition of gross interest is: Total interest payment by borrower including administrative, service, and insurance charges.[1]
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Notes
- “Gross Interest” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)
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