Identification
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.
Class Relationships
Sub Class Of
Is Defined By
N/A
See Also
None
Parent Class Of 0
- • None
Class Hierarchy Visualization
Interactive graph showing class relationships - click on any node to navigate to that class
Additional Information
Metadata
Comment
None
Description
None
Notes
- • None
Editorial Information
History Note
None
Editorial Note
None
Deprecated
No
Source and Origin
No source or origin information available