Interest Expense
The amount reported by a company or individual as an expense for borrowed money.
In the U.K. it is called "interest payable". Investopedia Says:
Interest is calculated as a percentage of the amount of debt for each period of time. Points paid for a mortgage are a form of prepaid interest. Related Terms:
Capitalized Lease Method
Credit Market
Creditor
Debt
Expense
Interest
Interest Cost
Interest Rate
Net Interest Margin
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