true interest cost Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “true interest cost” in the English Dictionary

"true interest cost" in Business English

See all translations

true interest costnoun [S]

uk   us   ( abbreviation TIC, also true interest rate ) FINANCE
the ​realcost of ​interest on ​loans, ​includingcharges, etc.: The ​group set the ​trueinterestcost at 5.6%. Prices ​rosesharply so the ​trueinterestratescharged by the ​marketfell to their ​lowest in several ​years.
(Definition of true interest cost from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of true interest cost?
Add Cambridge dictionaries to your browser to your website
Word of the Day

fire-eater

a performer who entertains people by seeming to swallow flames

Word of the Day

PLEASE DON’T SHOUT!
PLEASE DON’T SHOUT!
by Colin McIntosh,
February 09, 2016
New words are entering the language all the time. A few of these are completely new and original coinages, but the vast majority are based on the existing stock of words in some way, for example by using affixes (prefixes and suffixes). These can have the effect of changing the meaning of the

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More