interest payable only on the principal; interest that is not compounded.
interest calculated or paid on the principal alone Compare compound interest
Interest computed only on the original principal and not on the sum of the principal plus accrued interest. The amount of simple interest remains constant. Compare compound interest.
noun, Music. 1. an interval of an octave or less.
- Simple joint
simple joint n. A joint composed of two bones only.
noun, Mechanics. 1. machine (def 3b). simple machine noun 1. a simple device for altering the magnitude or direction of a force. The six basic types are the lever, wheel and axle, pulley, screw, wedge, and inclined plane simple machine See under machine.
noun 1. less than half of the total votes cast but more than the minimum required to win, as when there are more than two candidates or choices. 2. less than half the number of voters registered. noun a voting system whereby the highest number of votes for any one candidate or question designates the […]