Unearned interest

Unearned interest

Interest that has been received on a loan, but that cannot be treated as a part of earnings yet, because the principal of the loan has not been outstanding long enough.

Unearned Interest

Interest on a loan that the lender has received, but that may not be recorded as earnings because the principal has not been outstanding for a long enough time.
References in periodicals archive ?
Bell is FCA registered with a current loan book comprising over 400 live agreements amounting to GBP 10.3m of receivables, including GBP 2.3m of unearned interest, i.e.
Loans, net of unearned interest, dropped to 571.3m at the end of March 2012 from USD621m at 31 December 2011.
It's no surprise that UK savers are missing out on more than pounds 12bn a year in unearned interest, when most banks are keeping their customers in the dark about their savings rates.
(Market share is calculated based on adjusted gross loans for unearned interest income).
This includes computing a refund of unearned interest by a method less favorable to the consumer than the actuarial method.
(1.) Unearned interest collected in the amounts of $13.4 million and $13.3 million for the Federal Reserve and ESF, respectively, are not included.
Interest receivables for the Federal Reserve System are net of unearned interest collected.
At end-1H18, the ratio dropped to 4.5% mainly due to the exclusion of interests in suspense (EGP760 million) as per CBE regulations (for previous years unearned interests were included as part of impaired loans and provisions).