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.
None of state agency participating in the Safe City project has yet received interest payable from the received funds, said MP Mirlan Jeenchoroyev and wondered why the funds from fines were not sent to the corresponding agencies.
SBA-guaranteed debentures are non-recourse, interest only debentures with interest payable semi-annually and have a ten-year maturity.
The Company also wishes to announce that it will issue common shares of the Company in satisfaction of a portion of the interest payable in respect of its outstanding convertible debentures.
While interest payable on the most senior class of notes is low, the amount of fees the transaction pays per year is sizeable compared with the interest it receives from the performing assets, and exceeds the available income by more than EUR100,000.
The bonds are backed by the full faith and credit of the Nigerian Government, with interest payable semi-annually to bondholders, while bullet repayment will be made on the maturity date.
Interest payable by an Indian company or a business trust to a non-resident, including a foreign company, in respect of rupee denominated bond issued outside India before the 1stof July, 2020 is liable for concessional rate of tax of Five Percent (5%).
Summary: New Delhi [India], Sep 17 (ANI): The union government on Monday announced that interest payable by an Indian company or a business trust to a non-resident, including a foreign company, in respect to rupee denominated bonds issued outside India before July 1, 2020, would be liable for a concessional tax rate of five per cent.
AGETTING a 0% balance transfer card could be a good move but it depends on the amount of debt and the monthly interest payable. On application for a new 0% card there is usually up to a 3% fee on a balance transfer, and this could be more than the total interest should you swap and then repay the debt sooner than expected.
for a consideration of GBP 1.2m (USD 1.54m), which will be funded 30% from the company's existing cash reserves and 70% from a bank loan, which is for an initial five-year term with repayments and interest payable from month 13 onwards and carries interest at 2% above the base rate.
According to the company, the notes will be senior unsecured obligations and will accrue interest payable semiannually in arrears.
Calculating interest on a fixed rate: This method is mainly used to calculate the interest payable for personal loans and car loans.