accrued interest

noun

1. interest accumulated at a given time but not yet due or paid.

Example Sentences

The SEC is investigating whether MassMutual properly reconciled accrued interest as it received payments on loans held in its general investment account, the people familiar with the matter said.

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Insurers book as an asset the accrued interest income they are due from performing loans that is owed but that hasn’t been paid yet.

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Borrowers should note that their accrued interest gets added to the principal balance of the consolidated loan.

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TVR did not respond to a request for comment, but the company has previously confirmed that it had repaid its £2m loan to the Welsh government along with accrued interest.

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They included waiving some accrued interest for borrowers whose balances had grown higher than their original debt, generally because their payments hadn’t covered the accumulated interest — an issue that affects more than one-third of all student borrowers, and two-thirds of Black borrowers.

Read more on Los Angeles Times