Total Interest Payments

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Definition: Total Interest Payments

Total Interest Payments
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Full Definition of Total Interest Payments

Adding all interest payments over the entire life of the loan or the interest payments to-date. Total interest payments do not include up-front payments made in cash and are not adjusted for the time value of money, and are therefore an insufficient way to measure the credit cost to the borrower.

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https://payrollheaven.com/define/total-interest-payments/
Modern Language Association (MLA):
Total Interest Payments. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
June 26, 2024 https://payrollheaven.com/define/total-interest-payments/.
Chicago Manual of Style (CMS):
Total Interest Payments. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/total-interest-payments/ (accessed: June 26, 2024).
American Psychological Association (APA):
Total Interest Payments. PayrollHeaven.com. Retrieved June 26, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/total-interest-payments/

Definition Sources

Definitions for Total Interest Payments are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 17th November, 2021 | 0 Views.