Tell Siri what you'd like to do. Speak into your iPhone 4S with a command like, Remind me to buy milk, bread, and eggs today at 4 p.m. or you can say something like, Remember to thank John for the present.. Glance at your iPhone 4S screen to review your reminder. Or listen to Siri's confirmation.
Effective Interest Method. The effective interest method is a technique for calculating the actual interest rate in a period based on the amount of a financial instrument's book value at the beginning of the accounting period.
BREAKING DOWN 'Effective Interest Method'. The effective interest method is regarded as one of the preferred methods for amortizing a bond discount. In theory, investors demand a discount on bonds because the market interest rate at the time of issue exceeds the coupon payments on the bond.