Trailing interest
Encyclopedia
Trailing is an interest method of balance
calculation that allow companies to reach back into previous cycles to collect interest
on balances already paid off.
Balance (accounting)
In banking and accountancy, the outstanding balance is the amount of money owed, , that remains in a deposit account at a given date, after all past remittances, payments and withdrawal have been accounted for. It can be positive or negative ....
calculation that allow companies to reach back into previous cycles to collect interest
Interest
Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money, or money earned by deposited funds....
on balances already paid off.