Interest expense relates to the cost of borrowing money. It is the price that a lender charges a borrower for the use of the lender's money. Interest expense is different from operating expense and CAPEX, for it relates to the capital structure of a company. Interest expense is usually tax-deductible.
Famous quotes containing the words interest and/or expense:
“President Kennedy had a wholesome, widely discussed, and largely deserved reputation for his interest in women.... But no President, however young and energetic, could possibly have gotten around to all the ladies in Washington, New York, and Hollywood who made claim to his affections after he died.... Such was the force of Jack Kennedy and the manner of his death that anyone associated with him, even the pretenders, assumed added glamour and interest.”
—Barbara Howar (b. 1934)
“For Nature is the noblest engineer, yet uses a grinding economy, working up all that is wasted to-day into to-morrow’s creation;Mnot a superfluous grain of sand, for all the ostentation she makes of expense and public works.”
—Ralph Waldo Emerson (1803–1882)