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.
Calculating interest on a fixed rate: This method is mainly used to calculate the interest payable for personal loans and car loans.
In accordance with the terms of the prospectus dated 14 January 1983, the Bank of England said that the rate of interest payable on the 2 1/2% Index-Linked Treasury Stock 2016 for the interest payment due on 26 July 2016 will be GBP3.
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.
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.
BANKING AND CREDIT NEWS-December 17, 2014-Bank of England reveals interest payable on Index-linked Treasury Stocks
M2 EQUITYBITES-December 17, 2014-Bank of England reveals interest payable on Index-linked Treasury Stocks
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.
The Bank of England on Tuesday announced that the rate of interest payable on its 2 1/2% index-linked treasury stock 2016, 2 1/2% index-linked treasury stock 2024, and 4 1/8% index-linked treasury stock 2030.