Definition of «interest expense»

Interest expense refers to the cost incurred by a company or individual for borrowing money. It is calculated as the interest rate multiplied by the principal amount that was borrowed, and represents the fee paid to the lender for providing the use of their funds.

Sentences with «interest expense»

  • Other income, net consists of interest income on our invested cash and cash equivalent balances, foreign currency activities, and a nominal amount of interest expense. (sec.gov)
  • Some consumers may find that withdrawing large amounts from savings accounts can save thousands of dollars in interest expense on the mortgage. (mortgagecalculator.biz)
  • As farm loan demand remains strong, higher interest rates will lead to an increase in interest expenses for some borrowers. (kansascityfed.org)
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