Interest Amount definition: Copy, customize, and use instantly
Introduction
The term "Interest Amount" refers to the total amount of interest charged or earned on a principal amount over a specified period. This amount is typically calculated based on the interest rate and can vary depending on the type of interest (simple or compound) and the frequency of the calculation.
Below are various examples of how "Interest Amount" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Interest Amount" as the total interest due on a loan or investment
This definition ties "Interest Amount" to loans or investments.
"Interest Amount" refers to the total interest due on a loan or investment, calculated based on the principal amount and the applicable interest rate, over a specified period.
Definition of "Interest Amount" as the amount of interest earned or paid on a principal balance
This definition connects "Interest Amount" to earned or paid interest.
"Interest Amount" means the amount of interest earned or paid on a principal balance, determined by the interest rate and time period during which the interest is applied.
Definition of "Interest Amount" as the sum of interest charged on a loan or credit account
This definition links "Interest Amount" to loan or credit accounts.
"Interest Amount" refers to the sum of interest charged on a loan or credit account, calculated according to the principal, interest rate, and the length of the lending period.
Definition of "Interest Amount" as the cost of borrowing expressed as a percentage of the principal
This definition ties "Interest Amount" to the cost of borrowing.
"Interest Amount" means the cost of borrowing, expressed as a percentage of the principal amount, calculated over a defined period based on the agreed-upon interest rate.
Definition of "Interest Amount" as the total interest calculated over the life of a loan
This definition connects "Interest Amount" to the life of a loan.
"Interest Amount" refers to the total interest calculated over the life of a loan, based on the principal amount, interest rate, and the loan’s term length.
Definition of "Interest Amount" as the accrued interest on an outstanding balance
This definition links "Interest Amount" to accrued interest.
"Interest Amount" means the accrued interest on an outstanding balance, calculated from the time the balance was incurred to the present date or until the balance is paid off.
Definition of "Interest Amount" as the portion of a payment that goes toward interest rather than principal
This definition ties "Interest Amount" to loan payments.
"Interest Amount" refers to the portion of a payment that is applied toward the interest charges on a loan or credit balance, as opposed to reducing the principal balance.
Definition of "Interest Amount" as the total of interest calculated on an investment over a set period
This definition connects "Interest Amount" to investments.
"Interest Amount" refers to the total of interest calculated on an investment over a set period, typically determined by the initial investment amount and the interest rate applied.
Definition of "Interest Amount" as the interest earned on a financial instrument over a given time frame
This definition links "Interest Amount" to financial instruments.
"Interest Amount" means the interest earned on a financial instrument, such as a bond or savings account, over a given time frame based on the interest rate and principal amount.
Definition of "Interest Amount" as the interest accrued on a loan or debt from the original principal
This definition ties "Interest Amount" to loan or debt.
"Interest Amount" refers to the interest accrued on a loan or debt, starting from the original principal and based on the terms of the loan, including the interest rate and payment schedule.
Definition of "Interest Amount" as the sum of interest that accumulates on a loan principal over time
This definition connects "Interest Amount" to loan principal over time.
"Interest Amount" means the sum of interest that accumulates on a loan principal over time, which is determined by the interest rate and the duration for which the loan is held.
Definition of "Interest Amount" as the amount of interest earned on an account balance
This definition links "Interest Amount" to account balances.
"Interest Amount" refers to the amount of interest earned on an account balance, calculated based on the balance, interest rate, and the length of time the balance is held.
Definition of "Interest Amount" as the portion of an obligation’s total amount that is attributed to interest
This definition ties "Interest Amount" to obligations.
"Interest Amount" refers to the portion of an obligation’s total amount that is attributed to interest, distinguishing it from the principal portion of the obligation.
Definition of "Interest Amount" as the total interest paid or earned, computed over the duration of an agreement
This definition connects "Interest Amount" to agreements.
"Interest Amount" means the total interest paid or earned, computed over the duration of an agreement, such as a loan or deposit, and is typically calculated according to the agreed-upon interest rate.
Definition of "Interest Amount" as the calculated interest added to the principal balance of a loan
This definition links "Interest Amount" to principal balance.
"Interest Amount" refers to the calculated interest added to the principal balance of a loan, often shown as the total interest due on a loan statement.
Definition of "Interest Amount" as the portion of an investment return attributed to interest rather than capital gains
This definition ties "Interest Amount" to investment returns.
"Interest Amount" means the portion of an investment return that is attributed to interest rather than capital gains, reflecting the income generated by the investment.
Definition of "Interest Amount" as the interest that is applied to an outstanding debt over a specified period
This definition connects "Interest Amount" to debt.
"Interest Amount" refers to the interest that is applied to an outstanding debt over a specified period, typically calculated based on the outstanding balance and the agreed-upon interest rate.
Definition of "Interest Amount" as the accrued interest on a loan or investment until the next payment date
This definition ties "Interest Amount" to loan or investment payments.
"Interest Amount" refers to the accrued interest on a loan or investment until the next payment date, which is calculated based on the balance and the interest rate in effect at the time.
Definition of "Interest Amount" as the total interest accumulated over the course of a financial contract
This definition links "Interest Amount" to financial contracts.
"Interest Amount" means the total interest accumulated over the course of a financial contract, such as a loan or bond, based on the terms outlined in the agreement.
Definition of "Interest Amount" as the calculated cost of borrowing, expressed as an interest rate on the principal
This definition ties "Interest Amount" to the cost of borrowing.
"Interest Amount" refers to the calculated cost of borrowing, expressed as an interest rate on the principal amount, which determines how much interest is owed over a given period.
Definition of "Interest Amount" as the portion of a payment allocated to interest charges on a loan or credit
This definition connects "Interest Amount" to loan or credit payments.
"Interest Amount" means the portion of a payment allocated to interest charges on a loan or credit, which is determined based on the outstanding balance and the interest rate.
Definition of "Interest Amount" as the sum of interest charged on an overdue payment or debt
This definition links "Interest Amount" to overdue payments.
"Interest Amount" refers to the sum of interest charged on an overdue payment or debt, typically calculated as a percentage of the outstanding amount and added to the total balance due.
Definition of "Interest Amount" as the total amount paid for the privilege of borrowing funds
This definition ties "Interest Amount" to borrowing funds.
"Interest Amount" means the total amount paid for the privilege of borrowing funds, often calculated based on the loan's principal, term, and interest rate.
Definition of "Interest Amount" as the periodic interest earned or paid on a financial instrument
This definition connects "Interest Amount" to financial instruments.
"Interest Amount" refers to the periodic interest earned or paid on a financial instrument, such as a loan, bond, or savings account, based on the interest rate and duration of the investment.
Definition of "Interest Amount" as the interest that accrues on a loan between payment dates
This definition ties "Interest Amount" to loan accrual.
"Interest Amount" means the interest that accrues on a loan between payment dates, which is calculated on the outstanding balance during that period.
Definition of "Interest Amount" as the monetary value of interest added to the principal amount of a debt
This definition links "Interest Amount" to debt principal.
"Interest Amount" refers to the monetary value of interest added to the principal amount of a debt, which accumulates over time and increases the total repayment amount.
Definition of "Interest Amount" as the total interest earned on an investment over its holding period
This definition connects "Interest Amount" to investment holding periods.
"Interest Amount" means the total interest earned on an investment over its holding period, calculated based on the initial investment amount, the interest rate, and the length of time the investment is held.
Definition of "Interest Amount" as the sum of interest applied to an outstanding balance on a credit account
This definition ties "Interest Amount" to credit balances.
"Interest Amount" refers to the sum of interest applied to an outstanding balance on a credit account, calculated as a percentage of the balance owed during a specified period.
Definition of "Interest Amount" as the total interest accumulated on an unpaid loan or balance
This definition connects "Interest Amount" to unpaid loans.
"Interest Amount" refers to the total interest accumulated on an unpaid loan or balance, calculated based on the principal amount, interest rate, and time elapsed since the last payment.
Definition of "Interest Amount" as the interest that is paid periodically to a lender or creditor
This definition ties "Interest Amount" to lender payments.
"Interest Amount" means the interest that is paid periodically to a lender or creditor as part of the terms of a loan or credit agreement, based on the principal and interest rate.
Definition of "Interest Amount" as the interest payment on a fixed-term financial obligation
This definition links "Interest Amount" to fixed-term obligations.
"Interest Amount" refers to the interest payment on a fixed-term financial obligation, such as a bond or loan, calculated according to the interest rate and term of the agreement.
Definition of "Interest Amount" as the additional charge applied to a loan or credit account for borrowing money
This definition connects "Interest Amount" to loan charges.
"Interest Amount" refers to the additional charge applied to a loan or credit account for borrowing money, calculated based on the principal, interest rate, and payment schedule.
Definition of "Interest Amount" as the sum of the interest portion in a payment schedule
This definition ties "Interest Amount" to payment schedules.
"Interest Amount" means the sum of the interest portion in a payment schedule, calculated as part of the periodic payment made on a loan or financial agreement.
Definition of "Interest Amount" as the amount of interest payable by a borrower to a lender over the course of a loan
This definition connects "Interest Amount" to loan terms.
"Interest Amount" refers to the amount of interest payable by a borrower to a lender over the course of a loan, typically calculated based on the loan's term and interest rate.
Definition of "Interest Amount" as the total interest earned on a savings or investment account over a set period
This definition ties "Interest Amount" to savings and investments.
"Interest Amount" means the total interest earned on a savings or investment account over a set period, calculated based on the interest rate and balance.
Definition of "Interest Amount" as the additional value added to the principal of a debt due to the interest rate
This definition links "Interest Amount" to debt principal value.
"Interest Amount" refers to the additional value added to the principal of a debt due to the interest rate, reflecting the cost of borrowing and increasing the total debt owed over time.
Definition of "Interest Amount" as the interest portion that is calculated and charged periodically on an outstanding balance
This definition connects "Interest Amount" to outstanding balances.
"Interest Amount" means the interest portion that is calculated and charged periodically on an outstanding balance, which accumulates until the loan or credit balance is paid off.
Definition of "Interest Amount" as the amount of interest that accrues on a loan over time based on the principal balance
This definition ties "Interest Amount" to loan accrual.
"Interest Amount" refers to the amount of interest that accrues on a loan over time, calculated based on the principal balance and the loan’s interest rate.
Definition of "Interest Amount" as the charge for borrowing money, calculated on the loan’s principal
This definition ties "Interest Amount" to borrowing charges.
"Interest Amount" refers to the charge for borrowing money, calculated on the loan’s principal, often expressed as a percentage and paid periodically throughout the loan term.
Definition of "Interest Amount" as the interest that is added to the original loan amount over time
This definition links "Interest Amount" to loan additions.
"Interest Amount" means the interest that is added to the original loan amount over time, increasing the total amount owed based on the agreed-upon interest rate.
Definition of "Interest Amount" as the interest accrued over the term of a financial agreement
This definition connects "Interest Amount" to financial agreements.
"Interest Amount" refers to the interest accrued over the term of a financial agreement, calculated periodically based on the principal and interest rate.
Definition of "Interest Amount" as the percentage-based cost of borrowing on a debt or investment
This definition ties "Interest Amount" to borrowing costs.
"Interest Amount" means the percentage-based cost of borrowing on a debt or investment, typically calculated as a fixed or variable rate over the period the money is borrowed or invested.
Definition of "Interest Amount" as the interest paid over a period, calculated on the current outstanding balance
This definition links "Interest Amount" to outstanding balances.
"Interest Amount" refers to the interest paid over a period, calculated on the current outstanding balance of a loan, credit account, or investment.
Definition of "Interest Amount" as the total of interest payments due under a credit agreement
This definition connects "Interest Amount" to credit agreements.
"Interest Amount" means the total of interest payments due under a credit agreement, typically calculated over the repayment term based on the balance and interest rate.
Definition of "Interest Amount" as the cumulative interest charged over the life of a loan
This definition ties "Interest Amount" to the life of a loan.
"Interest Amount" refers to the cumulative interest charged over the life of a loan, calculated based on the original loan amount, the interest rate, and the loan term.
Definition of "Interest Amount" as the amount of interest that is charged on a debt principal at a fixed rate
This definition links "Interest Amount" to fixed rates.
"Interest Amount" means the amount of interest that is charged on a debt principal at a fixed rate, calculated periodically according to the loan agreement.
Definition of "Interest Amount" as the cost of holding a debt or investment over time, calculated on the principal
This definition connects "Interest Amount" to holding costs.
"Interest Amount" refers to the cost of holding a debt or investment over time, calculated on the principal amount and the interest rate applied during that period.
Definition of "Interest Amount" as the interest accumulated on an account balance due to compounding
This definition ties "Interest Amount" to compounding.
"Interest Amount" means the interest accumulated on an account balance due to compounding, where the interest is added to the principal and generates more interest over time.
Definition of "Interest Amount" as the total interest owed by a borrower over the term of the loan
This definition links "Interest Amount" to loan terms.
"Interest Amount" refers to the total interest owed by a borrower over the term of the loan, often calculated as a percentage of the principal balance.
Definition of "Interest Amount" as the sum of interest payments that accumulate over a financial period
This definition connects "Interest Amount" to financial periods.
"Interest Amount" means the sum of interest payments that accumulate over a financial period, based on the outstanding balance and the interest rate agreed upon in the contract.
Definition of "Interest Amount" as the amount of interest earned or paid, determined by the interest rate and period
This definition ties "Interest Amount" to rates and periods.
"Interest Amount" refers to the amount of interest earned or paid, determined by the interest rate and the length of the period during which the loan or investment is held.
Definition of "Interest Amount" as the total charge incurred by a borrower for the use of borrowed funds
This definition connects "Interest Amount" to borrowing charges.
"Interest Amount" means the total charge incurred by a borrower for the use of borrowed funds, calculated based on the loan’s interest rate and the time the funds are borrowed.
Definition of "Interest Amount" as the interest component of a repayment that reduces the loan principal
This definition links "Interest Amount" to repayment components.
"Interest Amount" refers to the interest component of a repayment that reduces the loan principal, often calculated based on the remaining loan balance and interest rate.
Definition of "Interest Amount" as the interest earned on an investment or savings account, calculated periodically
This definition ties "Interest Amount" to savings and investments.
"Interest Amount" refers to the interest earned on an investment or savings account, calculated periodically based on the principal balance and the interest rate applied to the account.
Definition of "Interest Amount" as the total interest earned over a specified period on an account or loan balance
This definition connects "Interest Amount" to periods and balances.
"Interest Amount" means the total interest earned over a specified period on an account or loan balance, calculated using the applicable interest rate.
Definition of "Interest Amount" as the cost of borrowing money, reflected as a percentage of the loan principal
This definition ties "Interest Amount" to borrowing money.
"Interest Amount" refers to the cost of borrowing money, reflected as a percentage of the loan principal, and calculated over the course of the loan term.
Definition of "Interest Amount" as the accrued interest on an outstanding loan balance, calculated periodically
This definition links "Interest Amount" to loan balances.
"Interest Amount" refers to the accrued interest on an outstanding loan balance, calculated periodically based on the interest rate and the remaining loan balance.
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