Money factor

An Interest rate divided by 2400. The money Factor is used to calculate the size of Lease payments in the same way that the Interest rate is used to calculate Loan payments.

Related Terms: 7 Factor, Interest, Interest rate, Loan, Lease, Money, Money factor

Other Related Pages: Category: Lending_and_Credit Starting With: M

Additional Related Terms: Adjustable rate, Accrual of discount, Accrued interest, Amortization of premium, At par, All or any part, At best, At call, Active money, Adjustable rate preferred stock