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Earn +20 ptsQ: What is borrowed money called?
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The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
Money borrowed on a credit card is called?
cash advance
What is a certificate that promises to repay borrowed money called?
A Bond (:
What is Payment made for the use of borrowed money called?
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
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