Interest Payment

An Interest Payment is a periodic payment made by a borrower to a lender as compensation for the use of borrowed funds. This payment is typically a percentage of the principal amount and is agreed upon at the time of the loan agreement, representing the cost of borrowing money.

IRI: http://lmss.sali.org/R79QOmaGVle8iTbIH9lZWA7
Branch: Financial Concepts and Metrics

Also known as

Interest Income, Borrowing Cost Payment, Debt Service Payment, Interest Compensation, Interest Distribution, Loan Interest Payment

Ancestry path

Financial Concepts and Metrics Personal Income Unearned Income

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