This is the interest earned before tax has been deducted. e.g the bank has to deduct tax from the interest earned at base rate. The gross interest may be advertised to look more attractive to the consumer.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.