Accrued Interest

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • accumulated interest

Definition of Accrued Interest

  1. Interest which has already been earned, but has not yet been paid.

Related Terms and Acronyms

  • Interest (int, IN) Bank,
    • Money paid for the use of borrowed funds, usually expressed as an annual percentage.
    Bank account transaction code.
  • Accrue Bank,
    • To gather together an amount often over a period of time.
  • Pre-paid Interest Bank,
    • Interest that a borrower pays before it is due, usually to save taxes.
  • Interest-Crediting Methods Bank,
    • A number of methods used to establish how interest is accrued, owed and dispersed to the parties due.
  • Pre-computed Loan Bank,
    • With a pre-computed loan, the interest owed over the life of the loan is calculated using a standard amortization table. After signing for this type of vehicle loan, the borrower is obligated to pay back principal plus the full amount of interest that will accrue over the entire term of the loan.
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