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

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11y ago

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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 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.


A certificate issued by a corporation in exchange for money borrowed from investors is called a .?

A certificate issued by a corporation in exchange for money borrowed from investors is called a bond. Bonds represent a loan made by the investor to the issuer, typically with a fixed interest rate and specific maturity date. Investors receive periodic interest payments and the principal amount back at maturity.


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 you explain how credit card payment works?

Credit card payment works by allowing cardholders to make purchases using a line of credit provided by the card issuer. When a purchase is made, the cardholder is essentially borrowing money from the issuer. The cardholder then has a grace period to pay off the borrowed amount in full or make a minimum payment. If the full amount is not paid, interest is charged on the remaining balance. The cardholder can continue to use the card up to their credit limit as long as payments are made on time.

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.


A certificate issued by a corporation in exchange for money borrowed from investors is called a .?

A certificate issued by a corporation in exchange for money borrowed from investors is called a bond. Bonds represent a loan made by the investor to the issuer, typically with a fixed interest rate and specific maturity date. Investors receive periodic interest payments and the principal amount back at maturity.


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


Charge made for using another money is called?

The charge made for using another person's money is called interest. Interest is typically expressed as a percentage of the principal amount borrowed and is paid by the borrower to the lender as compensation for the use of the funds. It can be calculated as simple interest or compound interest, depending on the terms of the loan agreement.


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.