Interest Expense
The amount reported by a company or individual as an expense for borrowed money.
Investopedia Commentary
Interest is calculated as a percentage of the amount of your debt for each period of time. Points paid for a mortgage are a form of prepaid interest.
In the U.K., it is called "interest payable".
Related Links
Forces Behind Interest Rates
Understanding The Time Value Of Money
See also: Creditor, Debt, Expense, Interest, Interest Rate, Loan, Long-Term Debt, Subprime Loan