# Unit 12 on Freedoms4

https://freedoms4.org/uninotes/s1/et-dcm1107/unit12/ Recent content in Unit 12 on Freedoms4 Hugo en-us your-email@example.com (Freedoms4) your-email@example.com (Freedoms4)

# Unit 12

https://freedoms4.org/uninotes/s1/et-dcm1107/unit12/self/ Mon, 01 Jan 0001 00:00:00 +0000 your-email@example.com (Freedoms4)https://freedoms4.org/uninotes/s1/et-dcm1107/unit12/self/<h3 class="heading" id="may-25-2026"> <em><strong>May 25, 2026</strong></em><span class="heading__anchor"> <a href="#may-25-2026">#</a></span> </h3><h2 class="heading" id="definitions"> Definitions<span class="heading__anchor"> <a href="#definitions">#</a></span> </h2><h3 class="heading" id="interest"> Interest<span class="heading__anchor"> <a href="#interest">#</a></span> </h3><p>The payment or reward given for borrowing money or using capital for a specific period of time.</p> <h3 class="heading" id="gross-interest"> Gross Interest<span class="heading__anchor"> <a href="#gross-interest">#</a></span> </h3><p>The total amount paid by the borrower to the lender for using borrowed money before deducting taxes, service charges, or other expenses.</p> <h3 class="heading" id="net-interest"> Net Interest<span class="heading__anchor"> <a href="#net-interest">#</a></span> </h3><p>The actual or pure interest earned or paid after excluding additional charges such as risk, management costs, and inconvenience.</p>