EFFECTIVE DATE OF INTEREST Definition

Bookmark and Share

EFFECTIVE DATE OF INTEREST is the market rate at time of a debt issue.

Learn new Accounting Terms

PIECEMEAL OPINION is an expression of an opinion on an item in financial statements that is not permitted as part of a disclaimer or adverse opinion on the financial statements as a whole because it would tend to overshadow or contradict a disclaimer of opinion or an adverse opinion.

CURRENT FACE, in securities, is the current monthly remaining principal of a certificate computed by multiplying the original face value of the certificate by the current principal balance factor.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.