English translation: interest calculated in arrears
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German to English translations [PRO] Bus/Financial - Finance (general)
German term or phrase:dekursiver Hundertsatz
Der effektive Jahreszinssatz ist jener ganzjährige, dekursive Hundertsatz, der rechnerische Gleichheit zwischen dem ausbezahlten Kreditbetrag und der Gesamtbelastung des Verbrauchers herstellt.
As far as I know this refers to the fact that the interest is calculated at the end of the interest period, and there obviously is the phrase interest in arrears, but I'm having trouble fitting that in here as it is referring to the rate, not the actual interest.
Any ideas welcome.