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Gross interest
Gross interest1) Interest earned by deposits at banks and financial institutions, or on gilts etc. before deduction of tax. 2) Interest charged on bank loans etc before any tax relief is taken into account. RELATED TERMS-------------------------------------- Interest The amount of money a lender loans a borrower to pay for using the borrower's principal. Institutions Insurance companies, pension funds, trusts, foundations, mutual funds, funds managers, bank investment departments. Gilts British government long-term bonds, issued on the domestic market. Deduction An expense that is allowable as a reduction of gross taxable income by the IRS. Bank A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals. Account 1) In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented. 2) In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. 3) In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent. SIMILAR TERMS-------------------------------------- Gross A sum without deduction or set off, i.e., without deduction of taxes from a person's income. Gross domestic product (GDP) The value of all goods and services created within an economy. It equals gross national product minus income from abroad. Gross earnings A person's total taxable income prior to adjustments. Gross estate The total dollar value of all property and assets in which an individual had an interest at the time of his or her death. Gross income The total income of a person before deductions. Gross lease A type of property lease in which the lessor (owner of the property being leased) pays expenses associated with ownership such as damages, taxes, and insurance. Gross margin The difference between the selling price of an item and the purchase or manufacturing cost, expressed as a percentage of the selling price. Gross national product (GNP) The total value of all goods and services produced by a country. Real growth in GNP measures the increase in output after making adjustments for inflation. Gross per broker The dollar amount of commissions generated by a broker or registered representative over a specific period. Gross profit The difference between turnover and the cost of making a product or providing a service, before taking into account overheads, salaries and wages, and interest payments. Gross rate 1) The interest rate earned on money placed on deposit with banks and financial institutions before deduction of tax. 2) The interest rate charged to lenders by banks, mortgage providers and other lenders before any tax relief is taken into account. Gross sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. Gross spread The difference between the underwriting price received by the issuing company and the actual price offered to the public. Gross weight The full weight (including goods and packaging) of shipment. Gross yield The yield on a security before the deduction of tax. Gross yield of an investment The percentage return before income tax is paid. GROSSMONT SCHOOLS Credit Union GROSSMONT SCHOOLS is a credit union with head office in EL CAJON, CA Groszy The Groszy is the fractional currency unit in Poland. PREVIOUS AND NEXT TERMS-------------------------------------- Gross A sum without deduction or set off, i.e., without deduction of taxes from a person's income. Gross domestic product (GDP) The value of all goods and services created within an economy. It equals gross national product minus income from abroad. Gross earnings A person's total taxable income prior to adjustments. Gross estate The total dollar value of all property and assets in which an individual had an interest at the time of his or her death. Gross income The total income of a person before deductions. Gross interest Gross lease A type of property lease in which the lessor (owner of the property being leased) pays expenses associated with ownership such as damages, taxes, and insurance. Gross margin The difference between the selling price of an item and the purchase or manufacturing cost, expressed as a percentage of the selling price. Gross national product (GNP) The total value of all goods and services produced by a country. Real growth in GNP measures the increase in output after making adjustments for inflation. Gross per broker The dollar amount of commissions generated by a broker or registered representative over a specific period. Gross profit The difference between turnover and the cost of making a product or providing a service, before taking into account overheads, salaries and wages, and interest payments. We thank you for using the Financial Dictionary to search for Gross interest. If you have a better definition for Gross interest than the one presented here, please let us know by making use of the suggest a term option. This definition of Gross interest may be disputed by other professionals. Our attempt is to provide easy definitions on Gross interest and any other medical topic for the public at large.
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