interest payment
Borrower's periodic cost
An interest payment is money paid to a lender or investor as compensation for borrowing funds.
It represents the cost of using someone else's money, calculated as a percentage of the principal.
The monthly interest payment on our mortgage is $850.
Interest payments may be made on loans, bonds, credit cards, or any debt arrangement.
- usury lawsStatutes limiting interest rates
- principalChief school administrator
- inflationSustained price level increase
- loanBorrowed money repaid later
- refinancingReplacing a loan
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- expensesexpenses, expense, expenditure, cost, costs
- bankingbank, banks, ATM, ATMs, account
- paymentscredit cards, debit cards, credit card, debit card, paycheck
- transactionspurchase, deposit, transfer, money transfer, cash transfer
- debt paymentspayoff, debt service, installment, amortization, arrears
- loan paymentsloan balance, installment, autopay, lump sum, payback
interest paymentinterest income
Money earned from loans
interest earnings · investment return · borrowing · dividend income · yield
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