{"iri":"https://folio.openlegalstandard.org/R79QOmaGVle8iTbIH9lZWA7","label":"Interest Payment","sub_class_of":["https://folio.openlegalstandard.org/RCKOcs51IQGZ9MeUqtONIlc"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":"Interest Income","alternative_labels":["Borrowing Cost Payment","Debt Service Payment","Interest Compensation","Interest Distribution","Loan Interest Payment"],"translations":{},"hidden_label":null,"definition":"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.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}