Business, Legal & Accounting Glossary
Cash amounts that periodically accrue on an account that can eventually be paid out to the account holder. Cash interest payments vary depending on the type of account, the amount of money present in the account, and the interest rate that was assigned to the account. Cash interest must be reported to the Internal Revenue Service when the account holder files his/her taxes.
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This glossary post was last updated: 20th November, 2021 | 0 Views.