Interest Payment
type: Class
preferred label: Interest Income
alternative label: Borrowing Cost Payment
alternative label: Debt Service Payment
alternative label: Interest Compensation
alternative label: Interest Distribution
alternative label: Loan Interest Payment
subclass of: RCKOcs51IQGZ9MeUqtONIlc
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.