Business / Taxes / Interest: Interest is what you pay to borrow money using a loan, credit card, or line of credit. It is calculated at either a fixed or variable rate that’s expressed as a percentage of the amount you borrow, pegged to a specific time period. For example, you may pay 1.2% interest monthly on the unpaid balance of your credit card. Interest also refers to the income, figured as a percentage of principal, that you're paid for purchasing a bond, keeping money in a bank account, or making other interest-paying investments. If it is simple interest, earnings are figured on the principal. If it is compound interest, the earnings are added to the principal to form a new base on which future income is calculated. Interest is also a share or right in a property or asset. For example, if you are half-owner of a vacation home, you have a 50% interest.
Interest Noun Synonyms: attention, attentiveness, concern, regard, curiosity, scrutiny, notice, engagement
Interest Adjective Synonyms: concern, significance, importance, weight, moment, note, consequence
Business / Finance / Interest Payments: Interest earned on reinvestment of each interest payment on money invested. See: compound interest. MORE
Business / Finance / Assumed Interest Rate: Rate of interest used by an insurance company to calculate the payout on an annuity contract. MORE
Business / Finance / Earnings Before Interest, Taxes, Depreciation, And Amortization (EBITDA): A financial measure defined as revenues less cost of goods sold and selling, general, and administrative expenses. In other words, operating and nonoperating profit before the deduction of interest an MORE