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Definition of prepaid interest - 1 dictionary result
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Financial Dictionary

prepaid interest

The interest on a loan that has been paid but is not due until a following period. The Internal Revenue Service does not permit taxpayers to claim an itemized deduction on tax returns for prepaid interest.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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AT&T™ Official Site
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Mobile Rate
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