answersLogoWhite

0

Rested interest refers to the interest that accumulates on a loan or financial investment when the borrower or investor has not made payments for a specified period. This term is often used in the context of loans, where interest continues to accrue even if payments are deferred. It can also apply to accounts where interest is compounded but not yet paid out, affecting the overall return or debt amount. Understanding rested interest is crucial for effectively managing loans or investments.

User Avatar

AnswerBot

2d ago

What else can I help you with?