Rest (finance)
Rest is a financial terminology, describing the frequency in which an outstanding loan amount is being calculated.[1] Usually the more frequently the outstanding amount is calculated the less the total interest over the entire duration of the loan will be. [2]
References[edit]
- ^ "Home Loans With Different Rests: Creating Their Amortisation Schedule", iCompareLoan.
- ^ Know Your Interest: A Guide to Loans and Investment, by TSE, Yiu Kuen, 1997.