What is another word for interest payment?
Pronunciation: [ˈɪntɹəst pˈe͡ɪmənt] (IPA) 
An interest payment refers to the amount payable to a lender or creditor for the use of borrowed money or credit. Synonyms for interest payment commonly used in financial terminology include finance charge, interest expense, loan fee, borrowing cost, debt service, and interest charges. These terms all describe the cost of borrowing and the payment obligations that come with obtaining credit. While the phrase interest payment may seem straightforward, understanding and using synonyms for it can help individuals and businesses better navigate financial transactions such as loans, mortgages, and credit accounts. By familiarizing themselves with these terms, borrowers can make informed decisions about managing their debt and repayment schedules.
