answersLogoWhite

0


Best Answer

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

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is Payment made for the use of borrowed money called?
Write your answer...
Submit
Still have questions?
magnify glass
imp
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 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 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.


If an ex partner whom borrowed money have the right to claim their goods to the value back before repayment have been made?

no


Made a payment with moneygram moneyorder how do you know they cashed it?

Call the number on the back of your money order receipt.