Rest (finance)

'''Rest''' is a financial terminology, describing the frequency in which an outstanding loan amount is being calculated.<ref name="test">[http://www.icompareloan.com/resources/home-loans-with-different-rests-creating-their-amortisation-schedule/ "Home Loans With Different Rests: Creating Their Amortisation Schedule"], ''iCompareLoan''.</ref> Usually the more frequently the outstanding amount is calculated the less the total interest over the entire duration of the loan will be. <ref name="test1">[https://books.google.com/books?id=oW9EsiRJOGoC&dq=Know+your+interest+%3A+a+guide+to+loans+and+investment&pg=PA27 Know Your Interest: A Guide to Loans and Investment], by TSE, Yiu Kuen, 1997.</ref>

==References== <references />

{{finance-stub}}

Category:Loans