Gross Interest
Price paid for the use of capital which includes the sum to cover the risk involved and a sum to cover costs incurred in making the loan.
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Fasig-Tipton yearling sale ends down dramatically
The three-day yearling sale at Fasig-Tipton ended Wednesday down significantly from the same sale in 2007, mirroring the trend at many horse sales around the world.
The sale in Lexington grossed $7,471,900 for 553 horses over three days, and 306 horses went through the auction ring without selling.
The total number of horses sold was only 13 fewer than the two-day sale in 2007, but the cumulative sales dropped 29.5 percent (from $10,595,700) and the "buy-back...
10/23/2008 5:00:00 PM
Kentucky.com: Business
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