Interest Payable

Interest Payable

The interest that a company owes for the present accounting period but has not yet paid. Interest payable is listed as a liability on a balance sheet.
References in classic literature ?
It came in my thoughts one morning that I would go to the bank myself, where I had often been to receive the interest of some bills I had, which had interest payable on them, and where I had found a clerk, to whom I applied myself, very honest and just to me, and particularly so fair one time that when I had mistold my money, and taken less than my due, and was coming away, he set me to rights and gave me the rest, which he might have put into his own pocket.
The Office of the Chief Financial Officer has set the quarterly rate of interest payable on judgments and decrees beginning October 1 at 4.
Accordingly, on the facts presented in that example, the IRS will treat a retained unitrust interest payable to a taxpayer or his or her estate as a qualified interest payable for a 10-year term.
4% per annum with interest payable on February 1, and August 1, of each year, commencing August 1, 1994 and the price to the public will be 99.
The senior series 2006A-1 notes are taxable, 7-day auction-rate securities with interest payable on the first business day following an auction period.
The Office of the Chief Financial Officer has set the rate of interest payable on judgments and decrees for 2010 at 6 percent per annum or .
The court in Farley Realty stated that a debtor-creditor relationship was one in which there was "an unqualified obligation to pay a sum certain at a reasonably close fixed maturity date along with a fixed percentage in interest payable regardless of the debtor's income or lack thereof.
The series 2006 bonds are taxable, 28-day auction rate securities with interest payable monthly.
1275-7T(d)) will apply to inflation-indexed debt instruments when there is no more than a de minimis difference between the debt instruments issue price and its principal amount at issuance, and all stated interest payable on the debt instrument is qualified stated interest.
Interest payable March 1 will be paid in the usual manner.
The senior series 2006A-1 notes are taxable, 28-day auction rate securities with interest payable on the first business day following an auction period.
The Office of the Comptroller has set the rate of interest payable on judgments and decrees for 2003 at 6 percent per annum or .