short interest
The withholding tax system that applies to UK borrowers only requires income tax to be withheld from "yearly" or annual interest. Short interest can always be paid gross. Interest is annual or yearly interest, in general, if the debt on which it is paid is capable of being outstanding for a period exceeding one year. Whether interest is annual interest or short interest is determined when the loan is made. Therefore, interest on a loan which was made for 364 days will be short interest even if as a matter of fact, for example due to a default on the part of the borrower, the loan lasts for more than a year. On the other hand, interest on a loan made for two years which is in fact repaid after six months will still be annual interest as will interest on loan for no fixed period even if repayable on demand. Generally, short interest is likely to be paid under multi-option facilities, swingline facilities, revolving credit facilities and other debts of a relatively short life.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • short interest — n. the sum of the short sales in a security, commodity, etc., or on an exchange, which have not been covered as of a given date: see also SHORT SALE …   English World dictionary

  • Short Interest — The quantity of stock shares that investors have sold short but not yet covered or closed out. Short interest is a market sentiment indicator that tells whether investors think a stock s price is likely to fall. Short interest can also be… …   Investment dictionary

  • short interest — Total number of shares of a security that investors have sold short and that have not been repurchased to close out the short position. Usually, investors sell short to profit from price declines. As a result, the short interest is often an… …   Financial and business terms

  • Short interest — This is the total number of shares of a security that investors have borrowed, then sold in the hope that the security will fall in value. An investor then buys back the shares and pockets the difference as profit. The New York Times Financial… …   Financial and business terms

  • short interest — noun : the sum of securities or commodities sold short as of a given date called also short position * * * Finance. the total amount by which a single seller or all sellers are short in a particular stock or commodity or in the market as a whole …   Useful english dictionary

  • short interest — A short sale is the sale of borrowed stock. The seller expects a price decline that would enable him to purchase an equal number of shares later at a lower price for return to the lender. The short interest is the number of shares that haven t… …   Black's law dictionary

  • short interest — Finance. the total amount by which a single seller or all sellers are short in a particular stock or commodity or in the market as a whole. Also called short account, short position. [1885 90, Amer.] * * * …   Universalium

  • short interest — In marine insurance, the difference between the insured value of goods and their market value, when the insured value exceeds the market value. In these circumstances any excess premium paid can be reclaimed …   Big dictionary of business and management

  • short interest —  The number of borrowed shares that have not been purchased for return to the lender …   American business jargon

  • Short interest ratio — The short ratio (or short interest ratio) is usually the number of shares outstanding of a publicly traded company that is sold short, divided by the average daily trading volume (daily transaction). It can also be the percentage of the free… …   Wikipedia

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