answersLogoWhite

0

Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What is the payment for the use of borrowed money?

Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.


What is the payment made when a bond matures?

The payment made when a bond matures is the face value of the bond, which is the original amount borrowed by the issuer.


What is a payment made by a company to its shareholders called?

A payment made by a company to its shareholders is called a dividend.


What is an annual payment called?

A fixed payment which is made annually is called an annuity.


What is money borrowed on a credit card called?

Money borrowed on a credit card is called a credit card balance or credit card debt. When you make purchases using your credit card, you are essentially borrowing money from the credit card issuer, which you are required to pay back, typically with interest if not paid in full by the due date. The amount you owe can fluctuate based on your spending and payments made.


What is a payment made by weaker power to stronger power called?

A payment made by a weaker power to a stronger power is called tribute. This can be in the form of goods, money, or services given as a sign of submission or allegiance. Tribute payments are often made to avoid conflict or to maintain peaceful relations with the stronger power.


What is money taken from pay and put into a pension fund called?

superannuation - Regular payment made into a fund by an employee toward a future pension.


A regular payment made to a person after they retire?

A regular payment made to a person after they retire is called a pension


Can a payment be made during a repossession?

No. They're not there to collect money, they are there to reposess.


What is a Taylor made payment structures?

Could you mean "Tailor Made Payment Structure"? that would jsu be someones hyperble meaning that they customize a payment plan to fit the purchase or the money available.


Which of these could be an example of a money payment made to households by government?

taxes


Camera cost 1138.00 you made a 25 percent down payment and borrowed the rest repaid the loan in 18 payments of 51.60 each how much was the interest charge on what you borrowed?

If you figures are correct you did not pay any interest you did not even repay all the capital.