Interest expense(redirected from Interest Expenses)
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Related to Interest Expenses: carrying charges
The amount that an individual or company pays in interest on the debt it borrows. For example, if one borrows $1,000 for one year at an annualized interest rate of 10%, one will ultimately repay $1,100. In this case, the interest expense is $100. In the United Kingdom, the interest expense is called the interest payable.