interest expense

Noun

Meaning

interest paid on loans

Hypernyms

Examples

Interest expense, net decreased by $256 to $1,854 in the first quarter of fiscal 2017 compared to $2,110 in the first quarter of fiscal 2016 due primarily to a reduction in average outstanding debt offset by slightly higher interest rates. Source: Internet

Interest expense decreased by $192 to $7,787 in the third quarter of 2013 compared to $7,979 in the third quarter of 2012 due to lower interest rates based on the Second Amendment. Source: Internet

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