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Personal Finance Glossary

Daily simple interest Day High Day Low Death Benefit Debenture Debt-To-Income Ratio Decreasing Term Insurance Deed Default Deferred Annuity Defined Benefit Plan Defined Contribution Plan Depreciation Derivatives Devaluation Diluted Earnings Disability Income Rider Discount Rate Distribution Diversification Dividend Dividend Yield Ration Document Preparation Dollar Cost Averaging Donor Double Indemnity Dow Jones Industrial Average Down Market Performance Down Payment Duration

Daily simple interest A method of establishing borrower payments based on daily interest charged on the outstanding principal balance of the loan. Principal is reduced by the amount of payment in excess of the accrued interest.

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