The original amount of money borrowed is known as the principal.
That is called "interest"
cash advance
A Bond (:
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
The original amount of money borrowed is known as the principal.
That is called "interest"
principal
cash advance
A Bond (:
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
a loan
Loan
It is sometimes called the capital.
The predetermined amount an individual must pay for the use of borrowed money is called interest.
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
Failure to repay borrowed money in a timely manner is called.