Interest (finance) - Factbites

Interest (finance) - Factbites
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Topic: Interest (finance)

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	cost_analysis.py
		float: FV = float(FV) pwf = present_worth_factor(Int,Per) return FV * pwf + PMT(1+IntS) * (1-pwf)/Int def present_worth_factor(Int, Per): "Int=interest rate, Per = period: returns a discount factor." """ Returns a standard present worth factor (also often called a discount factor), assuming that interest is paid at the end of the interest payment period.
		float: NPer= float(NPer) a = present_worth_factor(Int, NPer) return Pmt * (1.0-a) / Int def annuity_payment(Pr, Int, Per): "Determine amount of fixed payment on an annuity." """ Example: You borrow 500 from the bank and have to repay this loan in 16 equal monthly payments at 1% interest per month.
		float: FV = float(FV) return math.log10(FV/PV) / math.log10(1+Int) def interest_rate(Per,PV,FV): "Calculate Interest rate required to grow PV to FV." """ Calculates the Interest Rate required to achive a future return of FV with an investment of PV over a number Per interest payment periods.
	www.h7.dion.ne.jp /~harm/cost_analysis.py (5028 words)

	Opinion #5486
		(a) Finance charge shall mean the estimated amount of consideration in excess of the cash price which the buyer will pay in the form of interest assuming that each scheduled payment is made on the date it is due and in the scheduled amount.
		Since the legislature has characterized this computation of interest as a default charge rather than a finance charge, it is necessary to harmonize and construe 1978 PA 96, Sec.
		'Instead of a finance charge computed on the principal amount financed as determined under section 203 or 308, the seller may charge from time to time a finance charge consisting of interest on the amount of the unpaid balance of the contract.
	www.ag.state.mi.us /opinion/datafiles/1970s/op05486.htm (5028 words)

	Our Top Currency Swaps Related Websites Our Currency Directory
		Having discussed interest rate swaps and their cross-currency extension to currency swaps as exchanges of cash flows predicated on pre-set indices, it is natural for us to think of structuring swaps...
		Currency swaps are the exchange of principal and interest in one curren cy for the same in another currency.
		CURRENCY SWAPS In a previous article, we laid out a brief overview of the interest rate swaps market: an exchange of cash flows predicated on two different pre-set interest rate indices for a...
	www.majorcurrency.com /currency/currency_swaps.html (575 words)

	Personal Finance+
		Included are: a simple interest loan calculator; a Rule of 78 loan calculator; a comparison of the two; and a program that can evaluate the "best deal" on rebates versus low-interest, short-term loans, as well as the use of a home equity loan for interest deductions to reduce your taxes.
		Confused by all the "hype" about rebates, low interest loans, or "Rule of 78" versus simple interest loans?
		This program includes most of the current types of financing available for automobile loans.
	www.benttreesoftware.com /personal.htm (523 words)

	DBC - Software for Municipal Finance and Asset-Backed Securitization
		In determining the present value of a variable yield bond under this paragraph (e)(2), the initial interest rate on the bond established by the interest index or other interest rate setting mechanism is used to determine the interest payments on that bond.
		Yield on a fixed yield issue is computed as of the issue date and is not affected by subsequent unexpected events, except to the extent provided in paragraphs (b)(4) and (h)(3) of this section.
		If a fixed yield bond is subject to optional early redemption and is described in paragraph (b)(3)(ii) of this section, the yield on the issue containing the bond is computed by treating the bond as redeemed at its stated redemption price on the optional redemption date that would produce the lowest yield on the issue.
	www.dbcinc.com /products.php?arg=finance,taxregs (523 words)

	Finance Bill 2002: Clause 82
		Derivative financial instruments include futures, options, forward contracts, interest rate and currency swaps, interest rate caps, collars and floors, forward interest rate agreements, commitments to purchase shares or bonds, note issuance facilities and letters of credit.
		The main effect of the financial instruments legislation was to tax as income all profits and losses from derivatives based on interest rates and currencies (and also, with the introduction of the loan relationships rules in 1996, most forms of debt), sweeping away the distinction between capital and revenue.
		There is nothing in the derivative contracts rules which reproduces the effect of paragraph 6 Schedule 9 FA 1996 which provides that in most cases no relief is given for bad debts nor for any taxation of releases where the parties are connected.
	www.hm-treasury.gov.uk /Consultations_and_Legislation/Finance_Bill_2002/consult_finance_clause82_2002.cfm (9719 words)

	Canada Savings Bonds
		The Department of Finance has announced a 10-year maturity extension that gives bondholders of CSB Series 48 the option of holding on to their bonds until November 1, 2015 and continuing to earn a competitive rate of interest.
		The Department of Finance today announced interest rates for the Canada Savings Bond (CSB) Series 96 and the Canada Premium Bond (CPB) Series 46, which are on sale from today until November 1, 2005, inclusive.
		Interest rates have been set by the Department of Finance for January 1, 2006 bond issues of the Canada Savings Bond (CSB) Series 98 and the Canada Premium Bond (CPB) Series 48, which are on sale from today until January 1, 2006, inclusive.
	www.csb.gc.ca /eng/about_new.asp (406 words)

	Bond (finance) - Wikipedia, the free encyclopedia
		In finance, a bond is a debt security, in which the issuer owes the holders a debt and is obliged to repay the principal and interest (the coupon).
		Bonds and stocks are both securities, but the difference is that stock holders own a part of the issuing company (have an equity stake), whereas bond holders are in essence lenders to the issuer.
		Bonds do suffer from less day-to-day volatility than stocks, and bonds' interest payments are higher than dividend payments that the same company would generally choose to pay to its stockholders.
	en.wikipedia.org /wiki/Bond_(finance) (2875 words)

	Warrant (finance) - Wikipedia, the free encyclopedia
		Warrants are issued in this way as a 'sweetener' to make the bond issue more attractive, and to reduce the interest rate that must be offered in order to sell the bond issue.
		The state had not had to rely on this practice since before the Depression of the 1930s Many places were accepting them at face value because of the interest provision.
		Also, when a government agency issues checks which they are unable to pay (due to lack of money) but are redeemable at some point in the future, usually with interest, these are also called warrants.
	en.wikipedia.org /wiki/Warrant_(finance) (509 words)

	Amazon.com: Interest Rate Modelling: Financial Engineering: Books: Jessica James,Nick Webber
		Interest Rate Models - Theory and Practice : With Smile, Inflation and Credit (Springer Finance) by Damiano Brigo
		Interest Rate Modelling is a key reference work both for practitioners developing and implementing models for real and for academics teaching and researching in the field.
		Interest Rate Modelling is an encyclopedic treatment of interest rates and their related financial derivatives.
	www.amazon.com /exec/obidos/tg/detail/-/0471975230?v=glance (2054 words)

	Personal Finance+
		Included are: a simple interest loan calculator; a Rule of 78 loan calculator; a comparison of the two; and a program that can evaluate the "best deal" on rebates versus low-interest, short-term loans, as well as the use of a home equity loan for interest deductions to reduce your taxes.
		Although it may not be in the format required by any given institution, completion of the form should provide all the information necessary for completing an actual financial statement.
		It includes information on contingent liabilities you may have and asks 10 personal questions not asked of you in the standard version listed above.
	www.benttreesoftware.com /personal.htm (523 words)

	Amazon.ca: Efficient Methods for Valuing Interest Rate Derivatives: Books
		Subjects > Professional & Technical > Accounting & Finance > Finance > Interest
		Subjects > Business & Investing > Finance > Interest
		I had a strong background in equity derivative models but found the leap to interest rate models difficult.
	www.amazon.ca /exec/obidos/ASIN/1852333049 (516 words)

	Dáil Éireann - Volume 422 - 08 July, 1992 - Written Answers. - Deposit Interest Retention Tax.
		Hogan asked the Minister for Finance if he will outline the likely impact [901] of the changes made in deposit interest retention tax in the Finance Act, 1992; and if he will make a statement on the matter.
		The revised DIRT arrangements, especially the 10 per cent DIRT on the interest on money deposited in a Special Savings Account, will act as a substantial incentive for people to keep their savings in this country, thereby minimising the unavoidable negative impact on revenues resulting from capital liberalisation.
		Ahern): The revised DIRT arrangements contained in the 1992 Finance Act were designed to avoid a situation whereby funds would leave this country after the abolition of exchange controls, which must take place before the end of this year.
	www.oireachtas-debates.gov.ie /D/0422/D.0422.199207080065.html (516 words)

	Swap (finance) - Wikipedia, the free encyclopedia
		In finance a swap is a derivative, where two counterparties exchange one stream of cash flows against another stream.
		Swaps are often used to hedge certain risks, for instance interest rate risk.
		A total return swap is a swap, where party A pays the total return of an asset, and party B makes periodic interest payments.
	en.wikipedia.org /wiki/Swaps (794 words)

	InvestorWords.com - Investing Glossary
		finance, interest rate, net income, operating leverage, commercial bank, compound interest, corporate, cost of capital, credit analyst, debt-equity swap, net profit, market capitalization, Class A Shares
		Get the Term of the Day by email:
	www.investorwords.com (52 words)

	Ministry of Finance, Debt Management Unit
		The yield decrease in 2001 can be explained by the nominal and real interest rates decline, the low inflationary expectations and the share markets crisis that swayed many investors to increase the Government bonds' share in their portfolio.
		The positive slope yield curve in 2001 was a result of the short time yield decrease caused by the reduction of short-term inflation expectations and a cut in nominal interest rates.
		A positive spread occurs when the yield on the bond is higher than the yield on its underlying asset; a negative spread occurs in the opposite case, i.e., when the yield on the bond is lower than that of its underlying asset.
	www.mof.gov.il /debt/dom/govBonds.asp (52 words)

	r1567910.txt
		Vega be paid for the one-third interest in his in-laws' residence that was legally owned by his wife at the time he was notified of his transfer?
		Vega's father died in 1989, and his interest passed to Mrs.
		Vega accompanied her husband to his new duty station, she qualifies as a member of the immediate family as defined by the FTR.
	www.gsbca.gsa.gov /relo/r1567910.txt (52 words)

	Corporate Class Bond Funds - Sympatico / MSN Finance
		Bond funds that exist in so-called “corporate class” mutual fund structures offer the potential benefits of holding a diversified portfolio, and the funds are structured to avoid paying tax on income.
		If a bond fund costs too much or is managed poorly, it loses the conceptual advantages of being able to add value through bond selection and reinvestment of interest.
		The coupon payment from the bond is often too small to be immediately reinvested, and the money may sit in an investment account earning little interest (particularly at today’s low rates).
	finance.sympatico.msn.ca /content/savingsdebt/savingsdebthome/P34085.asp (815 words)

	In re Cilek (U)
		Honda Finance argues that its security interest in all parts held by Ladysmith Motors is superior to the security interest claimed by Dairyland Insurance in the same collateral.
		The burden of proof is on Honda Finance to show by clear and convincing evidence that the Debtor knew that his actions would harm Honda Finance and that he acted in the face of this knowledge.
		Honda Finance argues that because the Debtor has the ability to save $600.00 per month, he can fund a new pension and the old pension - the IRAs at issue - is not reasonably necessary for the Debtor's support.
	www.wiw.uscourts.gov /bankruptcy/Decisions_tsu/dec1.htm (14155 words)

	OSCN Found Document:BENEFICIAL FINANCE CO. OF NORMAN v. MARSHALL
		Thus the majority have declined to restrict the impairment of collateral defense to cases involving the diminishment of the physical value of the collateral itself and have held that the term embraces the failure to perfect a security interest in the collateral as well.
		Davidson, 445 P.2d 13 (Wyo.) ("collateral" within the meaning of Section 3-606 includes the security interest); Clark, Suretyship in the UCC 46 Tex.L.Rev. 453, 461 (1968).
		Marshall contacted appellant Beneficial Finance Company of Norman (Beneficial) for the purpose of borrowing some money and were directed to Mr.
	www.oscn.net /applications/oscn/deliverdocument.asp?citeid=47207 (2508 words)

	FINANCE ACT, 1983
		(1) Section 13 of the Finance Act, 1968, shall not apply or have effect, in relation to any return of interest paid or credited referred to in the said section 175, where the return is of interest paid or credited during a year beginning on or after the 10th day of February, 1982.
		— Section 13 (1) of the Finance Act, 1982, is hereby amended by the substitution of "1982-83 or any subsequent year of assessment" for "1982-83", and the said section 13 (1), as so amended, is set out in the Table to this section.
		(i) is an individual and the return of income concerned relates to income in respect of which he is chargeable to tax otherwise than in a representative capacity or as a trustee, all the property to which that individual is beneficially entitled on the specified date,
	www.irishstatutebook.ie /1983_15.html (2508 words)

	Interest Rate Future: Just the facts...
		An Interest Rate Future is a futures contract (An agreement to buy or sell a specific amount of a commodity or financial instrument at a particular price on a stipulated future date; the contract can be sold before the settlement date) with an interest bearing instrument as the underlying asset.
		List of finance topics (additional info and facts about List of finance topics)
		Examples include Treasury-bill futures, Treasury-bond futures, LIBOR futures, EuroDollar futures.
	www.absoluteastronomy.com /encyclopedia/i/in/interest_rate_future.htm (84 words)

	Consumer Handbook to Credit Protection Laws: The Cost of Credit
		All creditors—banks, stores, car dealers, credit card companies, finance companies—must state the cost of their credit in terms of the finance charge and the APR. Federal law does not set interest rates or other credit charges.
		Creditors also must tell you the method they use to figure the balance on which you pay a finance charge; the interest rate they charge is applied to this balance to compute the finance charge.
		Be aware that the amount of the finance charge will vary considerably depending on the method used, even for the same pattern of purchases and payments.
	www.federalreserve.gov /pubs/consumerhdbk/cost.htm (84 words)

	2002-17a.txt
		Subordination of the Accrued Interest Receivable While the selling institution retains a right to the excess cash flows generated from the fees and finance charges collected on the transferred receivables, the institution generally subordinates its right to these cash flows to the investors in the securitization.
		Appropriate Regulatory Capital Treatment for Accrued Interest Receivable Because the AIR asset as described represents a subordinated retained interest in the transferred assets, it meets the definition of a recourse exposure for risk-based capital purposes.
		Creation of Accrued Interest Receivable In a typical credit card securitization, an institution transfers to a trust a pool of receivables, as well as the rights to receive future payments of principal and interest.
	www.occ.treas.gov /ftp/bulletin/2002-17a.txt (726 words)

	states.html
		This commission is "charged with enforcement of conflict of interest and lobbying laws and campaign finance disclosure laws." Composed of six members, the commission investigates complaints and has the authority to initiate judicial proceedings on its own or refer the complaints to the appropriate authority.
		It tells which campaign finance information is available (state and county political party executive committees, PACs active on multi-county/statewide level, federal PACs giving money to state PACs or party committees); office hours, what information is available over the phone (total contributions/expenditures, who has/hasn't filed, contact information on committee treasurers, Q&A on finance issues); and copy.
		The commission is responsible for campaign disclosure, conflict of interest statements for public officials, legislative ethics, financial disclosure and lobbying laws.
	www.campaignfinance.org /states.html (6486 words)

	CDFA - Advanced Bond Course Home
		describes the process whereby an issuer refinances an outstanding bond issue by issuing new bonds to reduce interest costs or remove restrictive bond covenants.
		provides in-depth information about municipal finance issues, techniques, and tools of interest to practitioners with an understanding of tax-exempt financing.
		focuses on financial derivatives such as swaps, caps, floors, collars, and forward rate locks and their use in hedging municipal bonds and the potential risks and benefits.
	www.cdfa.net /cdfa/cdfaweb.nsf/pages/abchome.html (318 words)

	People & Money - Driehaus Center for Behavioral Finance
		Much of mainstream finance reveals little interest in investor decision processes or in the quality of judgment.
		Modern finance theory is probably the least behavioral of the various subdisciplines of economics.
		The interest of finance academics and practitioners in the human factor waned during the 1960s and the 1970s.
	fac.comtech.depaul.edu /wdebondt/WhatisBF.html (769 words)

	Behavioral Finance
		The paper investigates the effect of interest policy on price bubbles, trading behavior and portfolio choice in experimental stock markets.
		Aus der neuen Sicht des Finance ergeben sich zudem vielfältige Anwendungsmöglichkeiten, welche im Portfoliomanagement umgesetzt werden können.
		Während das traditionelle Finance auf der vollkommenen Rationalität der Entscheidungsträger
	www.evolutionaryfinance.ch /behaviouralfinance/papers (417 words)

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