| 释义 |
Odd Days Interest Odd Days InterestThe interest that accrues on a loan during a period either longer or shorter than the normal period during which interest accrues. For example, if interest is usually compounded once a month, odd days interest may occur if the loan is made in middle of the month and two weeks of interest accrues at the beginning of the loan. Odd days interest is usually added to the first (or the next) payment. |