Annual interest
From ACT Wiki
1. Interest payable.
Interest paid once per year.
2. Interest total.
The total amount of interest per year, including situations where the interest is paid with a different frequency than once per year.
3. UK tax - historic.
Interest which was not short interest for UK tax purposes. Among other criteria, the loan to which the interest relates had to be able to last more than one year.
This UK tax distinction was abolished with effect from 2006.
