Penalty Interest Financial Glossary

What is it? Loss of interest or charge incurred on partial withdrawal or closure of account where account conditions allow.

Finance Term Definition Added By: Jackson

The Penalty Interest definition has been viewed 3116 Time(s)!

Send To Friends!

If you'd like to send the Penalty Interest definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Penalty Interest. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Life Insurance is A type of insurance which pays out a lump sum to your dependants if you die.

Financial Term Advisory stockbroker is A broker who gives personalised advice on what shares or other investments to buy.

Financial Term CAT standard is A voluntary standard set by the government, covering Charges, Access and Terms for ISAs.

Financial Term Capital and Interest Mortgage is Also known as a repayment mortgage.

Financial Term Level Term Insurance is A type of insurance policy where the amount of insurance cover provided by the policy remains the same from start to end